Omnicom Prices $500.0 Million Senior Notes Offering
25 June 2009 - 7:17AM
PR Newswire (US)
NEW YORK, June 24 /PRNewswire-FirstCall/ -- Omnicom Group Inc.
(NYSE: OMC), together with its wholly owned direct finance
subsidiaries, Omnicom Capital Inc. and Omnicom Finance Inc., today
announced the pricing of their public offering of $500.0 million
aggregate principal amount of senior notes. The notes will mature
on July 15, 2019. The transaction is expected to close on July 1,
2009. The issuers intend to use the net proceeds from the offering
to repay indebtedness outstanding under their $2.5 billion
revolving credit facility. Any net proceeds not used to repay such
indebtedness will be used for general corporate purposes, which
could include working capital expenditures, acquisitions,
refinancing of other debt or other capital transactions. The notes
will bear interest at a rate of 6.250 percent per annum, will be
the joint and several unsecured and unsubordinated obligations of
Omnicom Group Inc., Omnicom Capital Inc. and Omnicom Finance Inc.,
and will rank equal in right of payment to all of their respective
existing and future unsecured senior indebtedness. The notes are
being offered pursuant to an effective shelf registration statement
previously filed with the Securities and Exchange Commission and a
preliminary prospectus supplement and accompanying prospectus
describing the terms of the offering have been filed with the
Securities and Exchange Commission. This announcement 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 prospectus and prospectus supplement. The notes will not
be listed on any securities exchange. Copies of the prospectus
supplement and 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 the prospectus if you request it by calling
J.P. Morgan Securities Inc. collect at 1-212-834-4533, Barclays
Capital Inc. toll-free at 1-888-603-5847, Citigroup Global Markets
Inc. toll-free at 1-800-831-9146 or Deutsche Bank Securities Inc.
toll-free at 1-800-503-4611. Omnicom Group Inc.
(http://www.omnicomgroup.com/) is a leading global marketing and
corporate communications company. Omnicom's branded networks and
numerous specialty firms provide advertising, strategic media
planning and buying, direct and promotional marketing, public
relations and other specialty communications services to over 5,000
clients in more than 100 countries. DATASOURCE: Omnicom Group Inc.
CONTACT: Randall Weisenburger of Omnicom Group Inc.,
+1-212-415-3393 Web Site: http://www.omnicomgroup.com/
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