Issy-les-Moulineaux, May 28, 2025
On May 27, 2025, Sodexo Inc., the US subsidiary of Sodexo S.A., successfully completed a U.S. dollar notes issuance for a total principal amount of $1.1 billion in two tranches:
- $600 million due August 2030, with a 5.150% coupon; and
- $500 million due August 2035, with a 5.800% coupon,
(the "Notes").
The issuance was almost 7 times oversubscribed, reflecting strong investor demand.
Sodexo Inc. used a portion of the net proceeds of the Notes to fund the repurchase of its existing 1.634% senior notes due 2026 (the "2026 Notes") in a cash tender offer that expired on May 22, 2025. The remainder will be used for general corporate purposes. The Notes are guaranteed by Sodexo S.A., the parent company of the Sodexo group.
The tender offer settled on May 28, 2025, resulting in the repurchase of $174,290,000 in aggregate principal amount of the 2026 Notes, corresponding to a 34.46% participation rate.
These transactions enable the Group to proactively manage its debt and extend its maturity profile.
About Sodexo
Founded in Marseille in 1966 by Pierre Bellon, Sodexo is the global leader in sustainable food and valued experiences at every moment in life: learn, work, heal and play. The Group stands out for its independence, its founding family shareholding and its responsible business model. Thanks to its two activities of Food and Facilities Management Services, Sodexo meets all the challenges of everyday life with a dual goal: to improve the quality of life of our employees and those we serve, and contribute to the economic, social and environmental progress in the communities where we operate. For Sodexo, growth and social commitment go hand in hand. Our purpose is to create a better everyday for everyone to build a better life for all.
Sodexo is included in the CAC Next 20, Bloomberg France 40, CAC 40 ESG, CAC SBT 1.5, FTSE 4 Good and DJSI indices.
Key Figures
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Contacts
| Analysts and Investors | Media |
| Juliette Klein +33 1 57 75 80 27 juliette.klein@sodexo.com (mailto:juliette.klein@sodexo.com) | Mathieu Scaravetti +33 6 28 62 21 91 mathieu.scaravetti@sodexo.com |
This press release is not an offer of securities for sale nor the solicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities referred to herein may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Sodexo does not intend to register any portion of the planned offer in the United States or to conduct a public offering of securities in the United States.
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Attachment
- PR Sodexo Inc. completes dollar notes issuance and tender offer EN - May 28, 2025 (https://ml-eu.globenewswire.com/Resource/Download/228a30bc-3165-426a-8828-cc140a1428f6)
