Commentary & Deal Flow

Guidance: 4yr: MS+65/70bp (WPIR) - Books above €2.45bn (pre-rec)

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: €500m
• Guidance: MS+65/70bp (WPIR)
• 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
• Books Subject: 12.30 UKT