Linklaters advises the underwriters on Sodexo’s US$1.1 billion Yankee bond issuance and the dealer managers on its cash tender offer

Linklaters advised the underwriters on the Yankee bond issuance by Sodexo Inc., guaranteed by Sodexo S.A., in reliance on Rule 144A and Regulation S.

The bond was issued in two series for a total principal amount of US$1.1 billion: US$600 million due August 2030 with a coupon of 5.150%, and US$500 million due August 2035 with a coupon of 5.800% (the “Notes”).

Sodexo Inc. used a portion of the net proceeds of the Notes to fund the repurchase of part of its existing senior notes due 2026 (the “2026 Notes”) in a cash tender offer. The remainder will be used for general corporate purposes. Linklaters advised the dealer managers in the cash tender offer.

The Linklaters team was led by Paris-based Capital Markets partners Luis Roth and Véronique Delaittre, and included Elise Alperte, managing associate, and Inès Yahya, associate.

Linklaters regularly advises on Rule 144A debt and equity offerings by leading European banks and corporates.