On July 1, 2019, as part of the acquisition of Epsilon, two loans for euro 150 million each were arranged for four and five years at interest rates of 0.60% and 0.55%, respectively.
The loan of euro 150 million maturing in 2024 was repaid early on December 4, 2020.
It should also be noted that Publicis Groupe SA preventatively drew euro 2 billion (USD 2.2 billion) from its revolving credit line in order to be prepared for any potential short-term impact of the global pandemic on its activities: for a three-month period beginning on March 20 for the whole line, then a three-month period beginning on June 20 for only half of this amount, i.e. USD 1.1 billion. As of December 31, 2020, the credit line had been repaid in full.
(in thousands of euros) | December 31, 2020 | December 31, 2019 |
Long-term borrowing from MMS Multi Euro Services(1) | 930,000 | 930,000 |
Current accounts, short-term borrowings from MMS Multi Euro Services and accrued interest | 738,553 | 776,393 |
Other creditors | 524 | 524 |
Total | 1,669,077 | 1,706,917 |
(1) 55-year subordinated equity loans for euro 300 million and euro 630 million, respectively. |
All receivables included in current assets are due to be settled within less than one year.
The maturity schedule for liabilities is presented below:
(in thousands of euros) | Total | Less than 1 year | 1 to 5 years | More than 5 years |
Bonds | 1,801,177 | 701,177 | 1,100,000 | - |
Bank borrowings and overdrafts | 150,070 | 70 | 150,000 | - |
Borrowings and other financial liabilities | 1,669,077 | 738,553 | - | 930,524 |
Trade payables | 5,640 | 5,640 | - | - |
Income tax and social security liabilities | 18,095 | 18,095 | - | - |
Other creditors | 400 | 400 | - | - |
Total liabilities | 3,644,459 | 1,463,935 | 1,250,000 | 930,524 |
