As part of the acquisition of Epsilon, two loans of euro 150 million each were arranged on July 1, 2019, for four and five years at interest rates of 0.60% and 0.55% respectively.
On March 16, 2021, Publicis Groupe SA repaid early the euro 150 million loan maturing in 2023.
The loan of euro 150 million maturing in 2024 was already repaid early on December 4, 2020.
It should also be noted that in 2020, 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, 2021 | December 31, 2020 |
|---|---|---|
| Long-term borrowing from MMS Multi Euro Services(1) | Long-term borrowing from MMS Multi Euro Services(1)December 31, 2021 930,000 |
Long-term borrowing from MMS Multi Euro Services(1)December 31, 2020 930,000 |
| Current accounts, short-term borrowings from MMS Multi Euro Services and accrued interest | Current accounts, short-term borrowings from MMS Multi Euro Services and accrued interestDecember 31, 2021 161,622 |
Current accounts, short-term borrowings from MMS Multi Euro Services and accrued interestDecember 31, 2020 738,553 |
| Other creditors | Other creditorsDecember 31, 2021 524 |
Other creditorsDecember 31, 2020 524 |
| Total | TotalDecember 31, 20211,092,146 | TotalDecember 31, 20201,669,077 |
(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 statement for liabilities is presented below:
| (in thousands of euros) | Total | Less than 1 year |
1 to 5 years | More than 5 years |
|---|---|---|---|---|
| Bonds | Bonds Total 1,100,832 |
Bonds Less than 1 year 832 |
Bonds 1 to 5 years 1,100,000 |
Bonds More than 5 years - |
| Bank borrowings and overdrafts | Bank borrowings and overdrafts Total - |
Bank borrowings and overdrafts Less than 1 year - |
Bank borrowings and overdrafts 1 to 5 years - |
Bank borrowings and overdrafts More than 5 years - |
| Other financial liabilities | Other financial liabilities Total 1,092,146 |
Other financial liabilities Less than 1 year 161,622 |
Other financial liabilities 1 to 5 years - |
Other financial liabilities More than 5 years 930,524 |
| Trade payables | Trade payables Total 3,140 |
Trade payables Less than 1 year 3,140 |
Trade payables 1 to 5 years - |
Trade payables More than 5 years - |
| Tax and social liabilities | Tax and social liabilities Total 7,999 |
Tax and social liabilities Less than 1 year 7,999 |
Tax and social liabilities 1 to 5 years - |
Tax and social liabilities More than 5 years - |
| Other creditors | Other creditors Total 348 |
Other creditors Less than 1 year 348 |
Other creditors 1 to 5 years - |
Other creditors More than 5 years - |
| Total liabilities | Total liabilities Total 2,204,465 |
Total liabilities Less than 1 year 173,941 |
Total liabilities 1 to 5 years 1,100,000 |
Total liabilities More than 5 years 930,524 |
The exercise of warrants, which can occur at any time from September 24, 2013 to September 24, 2022, will lead to an increase in the Publicis Groupe SA’s capital stock. The conversion ratio was adjusted again during the financial year by a factor of 1.116 to reflect the distributions drawn from the Company’s reserves and premiums. Following the cancellation of the warrants acquired in previous years or exercised since September 24, 2013, Publicis Groupe SA was, as of December 31, 2021, committed to issuing (in the event that the 529,895 outstanding stock warrants are exercised) 591,363 shares with a nominal value at euro 0.40 and a premium at euro 30.10.
