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Coronavirus

Sysco reduces debt load by $1.1bn in anticipation of market recovery

'With recent momentum in vaccine approvals and administration, we expect operational restrictions impacting the foodservice industry will begin to ease' -- Aaron Alt, chief financial officer

By Undercurrent News | March 10, 2021 15:10 GMT
Sysco
Credit: Undercurrent News, 2017
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Sysco Corporation is feeling confident about the return of foodservice. The major US broadline distributor, based in Houston, Texas, announced Wednesday that it has reduced its debt by $1.1 billion in anticipation of a market recovery. [...]

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