Omnicom Prices $750M Senior Notes Offering

Loading...
Loading...
Omnicom Group Inc.
OMC
, together with its wholly owned direct finance subsidiary, Omnicom Capital Inc., today announced the pricing of their public offering of $750 million aggregate principal amount of 3.65% Senior Notes due 2024 (the "Notes"). The Notes will mature on November 1, 2024. The transaction is expected to close on October 29, 2014, subject to customary closing conditions. The Notes will not be listed on any securities exchange or included in any authorized quotation system. The Notes will bear interest at a rate of 3.65 percent per annum, will be the joint and several unsecured and unsubordinated obligations of Omnicom Group Inc. and Omnicom Capital Inc., and will rank equal in right of payment to all of their respective existing and future unsecured senior indebtedness. The issuers intend to use the net proceeds from the offering for general corporate purposes, which could include working capital expenditures, fixed asset expenditures, acquisitions, refinancing of other debt, repurchases of common stock or other capital transactions. J.P. Morgan Securities LLC, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Wells Fargo Securities, LLC and BNP Paribas Securities Corp. are acting as joint book-running managers for the offering. The Notes are being offered pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission ("SEC") and a preliminary prospectus supplement and accompanying prospectus describing the terms of the offering have been filed with the SEC. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offer and sale of the Notes may be obtained for free by visiting EDGAR on the SEC Web site at http://www.sec.gov. Alternatively, the issuers, any underwriter or any dealer participating in the offering will arrange to send you these documents if you request it by calling J.P. Morgan Securities LLC collect at 1-212-834-4533, Citigroup Global Markets Inc. toll-free at 1-800-831-9146, HSBC Securities (USA) Inc. toll-free at 1-866-811-8049, Wells Fargo Securities, LLC toll-free at 1-800-326-5897 or BNP Paribas Securities Corp. toll-free at 1-800-854-5674. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offers for the Notes will be made exclusively by means of a preliminary prospectus supplement and accompanying prospectus.
Loading...
Loading...
Posted In: NewsOfferingsPress Releases
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...