| LIABILITIES (in million euros) | GROSS AMOUNT | LESS THAN 1 YEAR | 1 TO 5 YEARS | MORE THAN 5 YEARS |
|---|---|---|---|---|
| Bond issues | Bond issues GROSS AMOUNT 4,393 |
Bond issues LESS THAN 1 YEAR 513 |
Bond issues 1 TO 5 YEARS 3,080 |
Bond issues MORE THAN 5 YEARS 800 |
| Borrowings from related companies | Borrowings from related companies GROSS AMOUNT — |
Borrowings from related companies LESS THAN 1 YEAR — |
Borrowings from related companies 1 TO 5 YEARS — |
Borrowings from related companies MORE THAN 5 YEARS — |
| Other borrowings | Other borrowings GROSS AMOUNT — |
Other borrowings LESS THAN 1 YEAR — |
Other borrowings 1 TO 5 YEARS — |
Other borrowings MORE THAN 5 YEARS — |
| SUB-TOTAL BORROWINGS | SUB-TOTAL BORROWINGS GROSS AMOUNT 4,393 |
SUB-TOTAL BORROWINGS LESS THAN 1 YEAR 513 |
SUB-TOTAL BORROWINGS 1 TO 5 YEARS 3,080 |
SUB-TOTAL BORROWINGS MORE THAN 5 YEARS 800 |
| Accounts payable* | Accounts payable *GROSS AMOUNT 96 |
Accounts payable *LESS THAN 1 YEAR 96 |
Accounts payable *1 TO 5 YEARS
|
Accounts payable *MORE THAN 5 YEARS
|
| Other liabilities | Other liabilities GROSS AMOUNT 258 |
Other liabilities LESS THAN 1 YEAR 255 |
Other liabilities 1 TO 5 YEARS 3 |
Other liabilities MORE THAN 5 YEARS
|
| TOTAL | TOTAL GROSS AMOUNT 4,747 |
TOTAL LESS THAN 1 YEAR 864 |
TOTAL 1 TO 5 YEARS 3,083 |
TOTAL MORE THAN 5 YEARS 800 |
* Only accounts payable and accrued expenses are included in this line item.
There is no commercial paper included in payables.
| ACCOUNTS PAYABLE BY AMOUNT AND DUE DATE (in million euros) | TOTAL | Not Due | < 30 DAYS | 31-44 DAYS | 45-75 DAYS | 76-90 DAYS | > 90 DAYS |
|---|---|---|---|---|---|---|---|
| Non-Group accounts payable* | Non-Group accounts payable *TOTAL 76 |
Non-Group accounts payable *Not Due 62 |
Non-Group accounts payable *< 30 DAYS 13 |
Non-Group accounts payable *31-44 DAYS — |
Non-Group accounts payable *45-75 DAYS 2 |
Non-Group accounts payable *76-90 DAYS — |
Non-Group accounts payable *> 90 DAYS — |
| Group accounts payable | Group accounts payable TOTAL 20 |
Group accounts payable Not Due 7 |
Group accounts payable < 30 DAYS 12 |
Group accounts payable 31-44 DAYS — |
Group accounts payable 45-75 DAYS — |
Group accounts payable 76-90 DAYS — |
Group accounts payable > 90 DAYS — |
| TOTAL | TOTAL TOTAL 96 |
TOTAL Not Due 69 |
TOTAL < 30 DAYS 25 |
TOTAL 31-44 DAYS — |
TOTAL 45-75 DAYS 2 |
TOTAL 76-90 DAYS — |
TOTAL > 90 DAYS — |
* Only accounts payable and accrued expenses are included in this line item.
On July 17, 2020, Sodexo S.A. completed a bond issue structured in two tranches:
Accrued interest on this bond amounted to 2 million euros as of August 31, 2023.
On April 27, 2020, Sodexo S.A. completed a bond issue structured in two tranches:
Accrued interest on this bond amounted to 5 million euros as of August 31, 2023.
On June 26, 2019, Sodexo S.A. issued bonds for 250 million pounds Sterling redeemable in June 2028 and bearing interest at an annual rate of 1.75%, with interest payable annually on June 26. Accrued interest on this bond was 1 million euros as of August 31, 2023.
On May 22, 2018, Sodexo S.A. issued bonds for 300 million euros redeemable in May 2025 and bearing interest at an annual rate of 1.125%, with interest payable annually on May 22. Accrued interest on this bond was 1 million euros as of August 31, 2023.
On October 14, 2016 Sodexo S.A. issued bonds for 600 million euros redeemable in April 2027 and bearing interest at an annual rate of 0.75%, with interest payable annually on April 14. On August 1, 2017, the Company increased this issue with an additional 200 million euros of bonds. Accrued interest on these bonds was 2 million euros as of August 31, 2023.
On June 24, 2014, Sodexo S.A. completed a bond issue structured in two tranches:
Accrued interest on these bonds amounted to 2 million euros as of August 31, 2023.
None of the above-described bonds are subject to financial covenants.
In July 2023 the Company launched a consent solicitation process relating to its 4.4 billion euros of outstanding EUR and GBP bonds, in order to seek certain approvals and waivers to proceed with the proposed spin-off of the Benefits & Rewards Services activity (Pluxee). The proposal was approved in relation to 7 out of the 8 bonds series. The consent solicitation in relation to the 300 million euros 1.125% bonds due May 22, 2025 (the “May 2025 Bonds”) was terminated and, on October 25, 2023, the Board of Directors decided to redeem the May 2025 Bonds and publish the make-whole redemption notice on October 26, 2023. Sodexo will redeem the total aggregate principal amount of the May 2025 Bonds outstanding on November 10, 2023.
On July 18, 2011, Sodexo S.A. contracted a multi-currency confirmed credit facility for a maximum of 600 million euros plus 800 million U.S. dollars, with an original maturity date of July 18, 2016. This facility has been amended on a number of occasions with the most recent amendment being in July 2019 with a new maturity date of July 2024, with two options to extend the maturity by one year each, up to July 2026. The first option to extend this facility was executed during Fiscal 2020 and the second was executed during Fiscal 2021. The maturing date is now July 2026. The maximum available limits under this facility now are 589 million euros plus 785 million U.S. dollars.
The most recent amendment also incorporates a sustainability clause that links the credit facility cost to Sodexo’s ability to comply with its public commitment to reduce its food waste by 50% by 2025.
