As of August 31, 2021 , borrowings under the Sodexo S.A. commercial paper programs are nil, as on August 31, 2020.
The bonds and loans from financial institutions described above include customary early redemption clauses. These early redemption clauses include cross-default or change of control clauses that apply to all borrowings.
On July 24, 2020, Sodexo S.A. borrowed 607 million U.S. dollars (522 million euro) from its subsidiary Sodexo Finance USD Limited .
As planned it was reimbursed on April 20, 2021. The loan of 26 million U.S. dollars (or 21 million euro) which had been granted by it’s subsidiary Etin was also repaid as planned on the same date. On September 14, 2017, Sodexo S.A. borrowed 580 million euro from its subsidiary Sodexo Finance Designed Activity Company redeemable in September 2034. The amount of accrued interest relating to this loan amounted to 15 million euro as of August 31, 2021.
| (in millions of euro) | |
|---|---|
| Borrowings | Borrowings
35 |
| Accounts payable | Accounts payable
27 |
| Tax and employee-related liabilities | Tax and employee-related liabilities
33 |
| TOTAL | TOTAL 95 |
| (in millions of euro) | |
|---|---|
| Deferred revenues | Deferred revenues
2 |
| Prepaid expenses | Prepaid expenses
14 |
