Financing Strategy

Diversified financing sources, including links to ESG commitments

Sodexo is a frequent issuer of Euro bonds in the capital markets, it had its first Sterling issuance in June 2019 and an inaugural US bond market issue in April 2021.

Sodexo is an issuer of Negotiable European Commercial papers (NeuCP) to facilitate short term funding needs and can access a Syndicated credit facility and Bilateral credit facilities, all with its core bank partners as back up. 

The Syndicated credit facility for €1.3bn was negotiated in July 2019 with a maturity date of July 2024, and has been extended up to July 2026. This facility also includes a sustainability clause that links the credit facility cost to Sodexo’s ability to achieve its Better Tomorrow 2025 objective to reduce food waste by 50%. In addition, Sodexo has bilateral credit facilities totalling €300m resulting in total backup lines of €1.6bn, all of which are undrawn.