Omnicom and Interpublic Announce Exchange Offers and Consent Solicitations
ByAinvest
Monday, Aug 11, 2025 8:58 am ET1min read
IPG--
The exchange offers, conditioned upon the completion of the merger, provide for the exchange of the existing notes for new senior notes to be issued by Omnicom, with a total aggregate principal amount of $2,950,000,000. Additionally, consent solicitations are being made to amend the applicable indentures governing the existing notes, eliminating certain covenants, restrictive provisions, and events of default. The adoption of these amendments requires the consent of a majority in aggregate principal amount outstanding of the applicable series of existing notes [1].
Eligible holders of the existing notes can exchange their holdings for new Omnicom notes or receive cash, depending on the terms outlined in the offering memorandum and consent solicitation statement. The exchange offers and consent solicitations are expected to be completed within two business days after the expiration date, which is currently set for September 9, 2025 [1].
The completion of the merger is subject to the receipt of remaining regulatory approvals and other customary closing conditions. The exchange offers and consent solicitations are separate from the merger process and are not contingent upon the completion of the merger [1].
References:
[1] https://www.omnicomgroup.com/newsroom/omnicom-and-interpublic-announce-exchange-offers-and-consent-solicitations/
OMC--
Omnicom Group and Interpublic Group announced exchange offers and consent solicitations in connection with Omnicom's pending acquisition of IPG. The offers aim to exchange any outstanding 4.650% Notes due 2028, 4.750% Notes due 2030, 2.400% Notes due 2031, 5.375% Notes due 2033, and 3.375% Notes due 2053 for new notes with different terms. The exchange is part of Omnicom's merger with IPG, which was agreed upon in December 2024.
Omnicom Group Inc. and The Interpublic Group of Companies, Inc. have announced exchange offers and consent solicitations in connection with Omnicom's pending acquisition of IPG. The offers aim to exchange any outstanding 4.650% Notes due 2028, 4.750% Notes due 2030, 2.400% Notes due 2031, 5.375% Notes due 2033, and 3.375% Notes due 2041 for new notes with different terms. The exchange is part of Omnicom's merger with IPG, which was agreed upon in December 2024 [1].The exchange offers, conditioned upon the completion of the merger, provide for the exchange of the existing notes for new senior notes to be issued by Omnicom, with a total aggregate principal amount of $2,950,000,000. Additionally, consent solicitations are being made to amend the applicable indentures governing the existing notes, eliminating certain covenants, restrictive provisions, and events of default. The adoption of these amendments requires the consent of a majority in aggregate principal amount outstanding of the applicable series of existing notes [1].
Eligible holders of the existing notes can exchange their holdings for new Omnicom notes or receive cash, depending on the terms outlined in the offering memorandum and consent solicitation statement. The exchange offers and consent solicitations are expected to be completed within two business days after the expiration date, which is currently set for September 9, 2025 [1].
The completion of the merger is subject to the receipt of remaining regulatory approvals and other customary closing conditions. The exchange offers and consent solicitations are separate from the merger process and are not contingent upon the completion of the merger [1].
References:
[1] https://www.omnicomgroup.com/newsroom/omnicom-and-interpublic-announce-exchange-offers-and-consent-solicitations/
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