Omnicom Group Inc. (NYSE: OMC) today announced the pricing of its public offering of $800 million aggregate principal amount of 2.600% Senior Notes due 2031 (the “Notes“). The Notes will mature on August 1, 2031. The transaction is expected to close on May 3, 2021, subject to customary closing conditions. The Notes will not be listed on any securities exchange or included in any automated quotation system.
The Notes will bear interest at a rate of 2.600 percent per annum. The Notes will be the unsecured and unsubordinated obligations of Omnicom Group Inc. and will rank equal in right of payment to all of its existing and future unsecured senior indebtedness.
Omnicom Group Inc. intends to use the net proceeds from the sale of the Notes, together with cash on hand, to redeem its 3.625% Senior Notes due 2022 co-issued with Omnicom Capital Inc., which mature on May 1, 2022, and of which $1.25 billion aggregate principal amount was outstanding as of March 31, 2021.
Barclays Capital Inc., Citigroup Global Markets Inc., Wells Fargo Securities, LLC, BofA Securities, Inc., BNP Paribas Securities Corp., Deutsche Bank Securities Inc. and HSBC Securities (USA) Inc. are acting as joint book-running managers for the offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make an offer, solicitation or sale in such jurisdiction. The public offering is being made pursuant to an effective shelf registration statement that has been filed with the Securities and Exchange Commission (“SEC“). A final prospectus supplement related to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. In addition, copies of the prospectus and prospectus supplement relating to the Notes offered in the offering may be obtained by contacting any of the following underwriters: Barclays Capital Inc. at 1-888-603-5847, Citigroup Global Markets Inc. at 1-800-831-9146 or Wells Fargo Securities, LLC at 1-800-326-5897.