Published on 6/24/2014 in the Prospect News Private Placement Daily.
New Issue: Sodexo places $1.1 billion bonds with multiple maturities
By Lisa Kerner
Charlotte, N.C., June 24 – Sodexo Group announced it issued $1.1 billion of bonds in the United States with five-, seven-, 10-, 12- and 15-year maturities at an average rate of 3.8% in March.
Sodexo is using the proceeds of the placement and a €1.1 billion issue of bonds to refinance euro bonds maturing in March 2014 and January 2015, according to a company news release.
The food services and facilities management company is based in Issy-les-Moulineaux, France.
| Issuer: | Sodexo Group
|
| Issue: | Bonds
|
| Amount: | $1.1 billion
|
| Maturities: | Five, seven, 10, 12 and 15 years
|
| Average rate: | 3.8%
|
| Settlement: | March
|
| Distribution: | Private placement
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