Sodexo Inc. Plans Benchmark Note Issue and Tender Offer
Sodexo Inc. Launches New Benchmark US Dollar Notes
Sodexo Inc., the prominent US subsidiary of the global service firm Sodexo S.A., has declared its intended strategy to issue benchmark-sized US dollar-denominated notes across one or more tranches, which will be assured by Sodexo S.A. These new notes are part of a broader initiative that includes an associated cash tender offer targeting all of its current 1.634% senior notes due 2026.
Tender Offer Overview
The tender offer is designed to provide existing noteholders with the opportunity to participate, with a deadline set for 5:00 PM, New York City time. This deadline may be adjusted if needed. Through this tender, Sodexo Inc. aims to prioritize the allocation of the new notes to those holders who express a firm willingness to engage in the tender offer.
Purpose of the New Notes and Tender Offer
The primary objectives of both the tender offer and the proposed issuance of new notes center on refining the existing debt profile of Sodexo Inc. and extending the maturity timeline of its financial obligations. This initiative represents an important step in managing the company's debt and optimizing its fiscal stability.
Contact Information for Tender Offer
Details regarding the tender offer are comprehensively outlined in the Offer to Purchase document. Interested parties may request this document from Kroll Issuer Services Limited, who is designated as the Tender and Information Agent:
Kroll Issuer Services Limited
Tel: +44 20 7704 0880
Email: sodexo@is.kroll.com
About Sodexo
Sodexo has firmly established itself as a global leader in providing sustainable food services and enhancing valued experiences across various life moments—whether learning, working, healing, or playing. The organization, founded in Marseille in 1966 by Pierre Bellon, is distinguished by its independent approach, family ownership, and commitment to responsible business practices. Combining food and facilities management services, Sodexo focuses on improving quality of life for its employees and beneficiaries while fostering economic, social, and environmental advancements in the communities it serves. The company believes that sustainable growth and social responsibility are intertwined, forming the foundation of its mission to enhance daily life for all.
Key Statistics
Sodexo reports impressive figures reflecting its operational scale and influence:
- Consolidated revenues of 23.8 billion euros for Fiscal 2024.
- A workforce of 423,000 employees.
- Ranked as the number one France-based private employer worldwide.
- Operations in 45 countries.
- Serves approximately 80 million consumers daily.
- Market capitalization of around 8.5 billion euros.
Contact Points for Inquiries
For analysis and investor inquiries, please reach out to:
Juliette Klein
Tel: +33 1 57 75 80 27
Email: juliette.klein@sodexo.com
For media inquiries, contact:
Mathieu Scaravetti
Tel: +33 6 28 62 21 91
Email: mathieu.scaravetti@sodexo.com
Frequently Asked Questions
What is the purpose of the new note issuance?
The issuance aims to refinance a portion of existing debt and prolong the maturity profile of the company's obligations.
What existing notes is the tender offer targeting?
The tender offer focuses on all of Sodexo Inc.'s 1.634% senior notes due 2026.
Who can participate in the tender offer?
Existing holders of the 2026 Notes who express a clear intention to participate can submit their interest.
How can interested parties obtain the Offer to Purchase?
Interested individuals can request it from Kroll Issuer Services Limited, the appointed Tender and Information Agent.
What are some of Sodexo's core values?
Sodexo focuses on improving quality of life while ensuring social and environmental responsibility in its operations.
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