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Debt
3 Months Ended
Sep. 29, 2012
Debt [Abstract]  
Debt

5.  DEBT 

 

As of September 29, 2012, Sysco had uncommitted bank lines of credit which provided for unsecured borrowings for working capital of up to $95.0 million, of which none was outstanding. 

 

Sysco and one of its subsidiaries, Sysco International, ULC, have a revolving credit facility supporting the company’s United States and Canadian commercial paper programs.  The facility provides for borrowings in both United States and Canadian dollars.  Borrowings by Sysco International, ULC under the agreement are guaranteed by Sysco, and borrowings by Sysco and Sysco International, ULC under the credit agreement are guaranteed by the wholly-owned subsidiaries of Sysco that are guarantors of the company’s senior notes and debentures.   The facility in the amount of $1,000.0 million expires on December 29, 2016, but is subject to extension.  There were no commercial paper issuances outstanding as of September 29, 2012.    

 

In September 2012, the company’s Irish subsidiary, Pallas Foods, entered into a €75.0 million (Euro) multicurrency revolving credit facility, which will be utilized for capital needs for the company’s European subsidiaries.  This facility provides for unsecured borrowings and expires September 25, 2013, but is subject to extension.  There were no outstanding borrowings under this facility as of September 29, 2012. 

 

During the first quarter of fiscal 2013,  there were no commercial paper issuances or short-term bank borrowings.