Interpublic Announces Completion of Redemption of 10.00% Senior Notes Due 2017

Interpublic Group

today announced the completion of the redemption of all $600 million in aggregate principal amount of its 10.00% Senior Notes due 2017. The total cash payment to redeem the Notes was $630 million. Interpublic first announced the redemption on June 14, 2013. "In calling our $600 million 10.00% Notes, which we pre-funded last year with some of the lowest cost debt ever issued by our company, we'll see significantly lowered interest expense going forward," commented Michael I. Roth, Chairman and Chief Executive Officer of Interpublic. "Combined with the retirement of the 4.75% convertible notes in March, these actions further improve the capital structure of our our company and are consistent with our continued objective of enhancing shareholder value for the long-term." About Interpublic Interpublic is one of the world's leading organizations of advertising agencies and marketing services companies. Major global brands include Draftfcb, FutureBrand, GolinHarris International, Huge, Initiative, Jack Morton Worldwide, Lowe and Partners, MAGNA GLOBAL, McCann, Momentum, MRM, Octagon, R/GA, UM and Weber Shandwick. Leading domestic brands include Campbell Mithun, Carmichael Lynch, Deutsch, Gotham Inc., Hill Holliday, ID Media, Lowe Campbell Ewald, Mullen and The Martin Agency. For more information, please visit www.interpublic.com.