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Commentary & Deal Flow

NEW ISSUE: MMS Holding USA Inc. €500m 4yr Sr Unsec; MS+100a

IGC European Market: Deal Flow - General

Issuer

Term

Maturity

Size

Ranking

Type

ISIN

IPT

MMS Holding USA Inc.

4yr

23-Sep-30

€500m

Sr Unsec

Fixed

FR001401B2N0

MS+100a


IPTs: 4yr: MS+100a


  • Issuer: MMS Holding USA Inc. (Ticker: PUBFP, Country: US)
  • Issuer LEI: 5493006U67P2Y34N2G08
  • Guarantor: Publicis Groupe S.A. (Ticker: PUBFP, Country: FR)
  • Guarantor LEI: 2138004KW8BV57III342
  • Guarantor Ratings: Baa1 (stable outlook) by Moody’s / BBB+ (stable outlook) by S&P
  • Exp. Issue Ratings: Baa1 by Moody’s / BBB+ by S&P
  • Format: Senior Unsecured Reg S (Cat2), Bearer, Dematerialized Notes
  • Settlement Date: 23-Sep-26 (T+5)
  • Maturity Date: 23-Sep-30 (4-year)
  • Size: €500mn expected
  • Coupon: Fixed, Annual, Act/Act, ICMA
  • Par-Call: 1-month
  • ISIN: FR001401B2N0
  • Use of Proceeds: For the financing of the acquisition of LiveRamp
  • Documentation: EMTN Programme / Euronext Paris / French Law / Clean-up Call (75%) / Make-Whole Call / Change of Control (Put)
  • Denominations: €100k+100k
  • Global Coordinator: Citi (B&D)
  • Active Bookrunners: BNP Paribas, BofA Securities, Citi, HSBC, Lloyds
  • Target market: Manufacturer target market (MIFID II/UK MIFIR product governance) is eligible counterparties and professional investors only (all distribution channels). No EU PRIIPs key information document (KID) or CCI Product Summary has been prepared as not available to retail in EEA or in the UK
  • Advertisement: The EMTN Base Prospectus dated 24-Jul-26 is available and the Final Terms, when published, will be available on the website of Publicis Groupe S.A. and of the French Autorité des marchés financiers (www.amf-france.org).
  • Marketing: Deal Roadshow: https://dealroadshow.finsight.com/e/Gaia2026
  • Timing: Books open, Today's business