| LIABILITIES (in million euros) | GROSS AMOUNT | LESS THAN 1 YEAR | 1 TO 5 YEARS | MORE THAN 5 YEARS |
|---|---|---|---|---|
| Bond issues | Bond issues GROSS AMOUNT3,591 |
Bond issues LESS THAN 1 YEAR711 |
Bond issues 1 TO 5 YEARS2,080 |
Bond issues MORE THAN 5 YEARS800 |
| 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 AMOUNT3,591 |
SUB-TOTAL BORROWINGS LESS THAN 1 YEAR711 |
SUB-TOTAL BORROWINGS 1 TO 5 YEARS2,080 |
SUB-TOTAL BORROWINGS MORE THAN 5 YEARS800 |
| Accounts payable* | Accounts payable* GROSS AMOUNT84 |
Accounts payable* LESS THAN 1 YEAR84 |
Accounts payable* 1 TO 5 YEARSnot-included |
Accounts payable* MORE THAN 5 YEARSnot-included |
| Other liabilities | Other liabilities GROSS AMOUNT101 |
Other liabilities LESS THAN 1 YEAR98 |
Other liabilities 1 TO 5 YEARS3 |
Other liabilities MORE THAN 5 YEARSnot-included |
| TOTAL | TOTALGROSS AMOUNT3,776 | TOTALLESS THAN 1 YEAR893 | TOTAL1 TO 5 YEARS2,083 | TOTALMORE THAN 5 YEARS800 |
* 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* TOTAL73 |
Non-Group accounts payable* Not Due53 |
Non-Group accounts payable* < 30 DAYS18 |
Non-Group accounts payable* 31-44 DAYS— |
Non-Group accounts payable* 45-75 DAYS2 |
Non-Group accounts payable* 76-90 DAYS— |
Non-Group accounts payable* > 90 DAYS— |
| Group accounts payable | Group accounts payable TOTAL11 |
Group accounts payable Not Due(11) |
Group accounts payable < 30 DAYS22 |
Group accounts payable 31-44 DAYS— |
Group accounts payable 45-75 DAYS— |
Group accounts payable 76-90 DAYS— |
Group accounts payable > 90 DAYS— |
| TOTAL | TOTALTOTAL84 | TOTALNot Due42 | TOTAL< 30 DAYS40 | TOTAL31-44 DAYS— | TOTAL45-75 DAYS2 | TOTAL76-90 DAYS— | TOTAL> 90 DAYS— |
* Only accounts payable and accrued expenses are included in this line item.
| (in million) | Principal (in local currency) | Currency | Principal (in euro) | Rate type | Rate | Issuance date | Maturity | Accrued interest (in euro) | Total (in euro) |
|---|---|---|---|---|---|---|---|---|---|
| Sodexo S.A. | Sodexo S.A.Principal (in local currency) 500 |
Sodexo S.A.Currency EUR |
Sodexo S.A.Principal (in euro) 500 |
Sodexo S.A.Rate type Fixe |
Sodexo S.A.Rate 2.50% |
Sodexo S.A.Issuance date 24/6/2014 |
Sodexo S.A.Maturity 24/6/2026 |
Sodexo S.A.Accrued interest (in euro) 2 |
Sodexo S.A.Total (in euro) 502 |
| Sodexo S.A. | Sodexo S.A. Principal (in local currency)600 |
Sodexo S.A. CurrencyEUR |
Sodexo S.A. Principal (in euro)600 |
Sodexo S.A. Rate typeFixe |
Sodexo S.A. Rate0.75% |
Sodexo S.A. Issuance date14/10/2016 |
Sodexo S.A. Maturity14/4/2027 |
Sodexo S.A. Accrued interest (in euro)2 |
Sodexo S.A. Total (in euro)602 |
| Sodexo S.A. | Sodexo S.A. Principal (in local currency)200 |
Sodexo S.A. CurrencyEUR |
Sodexo S.A. Principal (in euro)200 |
Sodexo S.A. Rate typeFixe |
Sodexo S.A. Rate0.75% |
Sodexo S.A. Issuance date1/8/2017 |
Sodexo S.A. Maturity14/4/2027 |
Sodexo S.A. Accrued interest (in euro)— |
Sodexo S.A. Total (in euro)200 |
| Sodexo S.A. | Sodexo S.A. Principal (in local currency)250 |
Sodexo S.A. CurrencyGBP |
Sodexo S.A. Principal (in euro)280 |
Sodexo S.A. Rate typeFixe |
Sodexo S.A. Rate1.75% |
Sodexo S.A. Issuance date26/6/2019 |
Sodexo S.A. Maturity26/6/2028 |
Sodexo S.A. Accrued interest (in euro)1 |
Sodexo S.A. Total (in euro)281 |
| Sodexo S.A. | Sodexo S.A. Principal (in local currency)700 |
Sodexo S.A. CurrencyEUR |
Sodexo S.A. Principal (in euro)700 |
Sodexo S.A. Rate typeFixe |
Sodexo S.A. Rate0.75% |
Sodexo S.A. Issuance date27/4/2020 |
Sodexo S.A. Maturity27/4/2025 |
Sodexo S.A. Accrued interest (in euro)2 |
Sodexo S.A. Total (in euro)702 |
| Sodexo S.A. | Sodexo S.A. Principal (in local currency)800 |
Sodexo S.A. CurrencyEUR |
Sodexo S.A. Principal (in euro)800 |
Sodexo S.A. Rate typeFixe |
Sodexo S.A. Rate1.00% |
Sodexo S.A. Issuance date27/4/2020 |
Sodexo S.A. Maturity27/4/2029 |
Sodexo S.A. Accrued interest (in euro)3 |
Sodexo S.A. Total (in euro)803 |
| Sodexo S.A. | Sodexo S.A. Principal (in local currency)500 |
Sodexo S.A. CurrencyEUR |
Sodexo S.A. Principal (in euro)500 |
Sodexo S.A. Rate typeFixe |
Sodexo S.A. Rate1.00% |
Sodexo S.A. Issuance date17/7/2020 |
Sodexo S.A. Maturity17/7/2028 |
Sodexo S.A. Accrued interest (in euro)1 |
Sodexo S.A. Total (in euro)501 |
| TOTAL | TOTALPrincipal (in local currency)not-included | TOTALCurrencynot-included | TOTALPrincipal (in euro)3,580 | TOTALRate typenot-included | TOTALRatenot-included | TOTALIssuance datenot-included | TOTALMaturitynot-included | TOTALAccrued interest (in euro)11 | TOTALTotal (in euro)3,591 |
None of the above bonds are subject to financial covenants.
On January 17, 2024, Sodexo S.A. redeemed in full its outstanding 500 million euros loan granted in July 17, 2020, due to mature, bearing an annual interest rate of 0.5%.
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 Pluxee (ex Benefits & Rewards Services activity).
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 redeemed 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.
Amounts drawn on this facility carry floating interest indexed on the LIBOR and EURIBOR rates. This credit facility is not subject to any covenants.
No amounts had been drawn down on the facility as of either August 31, 2024 or August 31, 2023.
