Sysco Corporation announced business and financial updates in response to changes in the foodservice industry due to the impact of the novel coronavirus (COVID-19) pandemic. Sysco's strong balance sheet provides meaningful financial flexibility for the company to navigate current challenges in the "food-away-from-home" market resulting from the spread of COVID-19 and subsequent actions taken across the country to increase social distancing. The company has cash on hand of approximately $2 billion as of March 20, 2020, including a recent $1.5 billion withdrawal under its revolving credit facility. Importantly, Sysco has no debt maturities for the next six months. In addition, Sysco is working with its banking partners to explore opportunities to raise additional funds and further strengthen its liquidity.