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

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.