Core Viewpoint - Sodexo Inc. plans to issue benchmark-sized US dollar-denominated notes and conduct a cash tender offer for its existing 1.634% senior notes due 2026 to refinance existing debt and extend its debt maturity profile [1][3]. Group 1: Debt Issuance and Tender Offer - The new notes will be guaranteed by Sodexo S.A. and the tender offer is expected to expire on May 22, 2025, unless extended or terminated earlier [1]. - The allocation of the new notes will prioritize holders of the 2026 notes who participate in the tender offer [2]. - The tender offer is contingent upon the successful completion of the new notes issuance [2]. Group 2: Company Overview - Sodexo, founded in 1966, is a global leader in sustainable food and facilities management services, aiming to improve quality of life and contribute to social and environmental progress [4]. - As of August 31, 2024, Sodexo reported consolidated revenues of €23.8 billion and employed 423,000 people across 45 countries, serving 80 million consumers daily [7]. - The company has a market capitalization of €8.5 billion as of April 3, 2025 [7].
Sodexo Inc. announces a new benchmark US dollar notes issue and the launch of a tender offer of certain of its outstanding notes