Global law firm White & Case LLP has advised Sodexo Inc, the US subsidiary of Sodexo, on its inaugural US dollar bond issue for a total principal amount of US$1.25 billion.
The bond was issued in two tranches: US$500 million due April 2026 with a coupon of 1.634% and US$750 million due April 2031 with a coupon of 2.718%. Sodexo Inc will use the net proceeds from the issuance for general corporate purposes.
Sodexo is the global leader in quality of life services, providing food services, soft facilities management services, hard facilities management services, benefits and rewards services and personal and home services.
The White & Case team in Paris which advised on the transaction was led by partners Max Turner, Séverin Robillard and Grégoire Karila, with support from associates Alice Chavaillard and Charles Linel.
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