SW Sodexo SA

Sodexo Inc. successfully completes its new US dollar notes issuance and its tender offer

Sodexo Inc. successfully completes its new US dollar notes issuance and its tender offer

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

  • 23.8 billion euros Fiscal 2024 consolidated revenues
  • 423,000 employees on August 31, 2024
  • #1 France-based private employer worldwide
  • 45 countries (as at August 31, 2024)
  • 80 million consumers served daily
  • 8.5 billion euros in market capitalization (as of April 3, 2025)
 

Contacts

Analysts and InvestorsMedia
Juliette Klein

27

Mathieu Scaravetti

91

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.

This press release does not constitute a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council dated 14 June 2017 (as amended, the “Prospectus Regulation”).

This press release is directed only at and is for distribution only to persons who (i) are outside the United Kingdom, (ii) are “investment professionals” falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”), (iii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations, etc.”) of the Order or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of Article 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons in (i), (ii), (iii) and (iv) together being referred to as “Relevant Persons”). This press release is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this press release relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

This press release shall not be distributed to any retail investor in the European Economic Area (“EEA”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, MiFID II; or (ii) a customer within the meaning of Directive (EU) 2016/97 (the “Insurance Distribution Directive”), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the Prospectus Regulation.

This press release shall not be distributed to any retail investor in the United Kingdom (“UK”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (8) of Article 2(1) of Commission Delegated Regulation (EU) 2017/565 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“EUWA”); or (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (“FSMA”), and any rules or regulations made under the FSMA to implement the Insurance Distribution Directive, where that customer would not qualify as a professional client as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of UK domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of the Regulation (EU) 2017/1129 as it forms part of UK domestic law by virtue of the EUWA.

This press release may only be communicated in France to qualified investors (investisseurs qualifiés) within the meaning of Article 2(e) of the Prospectus Regulation and in accordance with Articles L.411-1 and L.411-2 of the French Code monétaire et financier.

The release, publication or distribution of this press release in certain jurisdictions may be restricted by laws or regulations. Therefore, persons in such jurisdictions into which this press release is released, published or distributed must inform themselves about and comply with such laws or regulations.

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28/05/2025

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