Omnicom and Interpublic Announce Extension of Exchange Offers

Core Viewpoint - Omnicom Group Inc. has extended the expiration date for its exchange offers and consent solicitations related to various series of existing IPG notes, now set to expire on September 30, 2025, as part of its ongoing merger process with The Interpublic Group of Companies, Inc. [1][4][6] Summary by Sections Exchange Offers and Consent Solicitations - Omnicom is offering to exchange up to $2,950,000,000 in new senior notes and cash for all outstanding existing IPG notes, including various series maturing from 2028 to 2048 [1] - The expiration date for these offers has been extended from September 9, 2025, to September 30, 2025 [1][4] Tendered Amounts - As of September 8, 2025, the following amounts of existing IPG notes had been tendered: - 4.650% Notes due 2028: $448,348,000 (89.67%) - 4.750% Notes due 2030: $586,245,000 (90.19%) - 2.400% Notes due 2031: $456,839,000 (91.37%) - 5.375% Notes due 2033: $276,569,000 (92.19%) - 3.375% Notes due 2041: $493,860,000 (98.77%) - 5.400% Notes due 2048: $487,848,000 (97.57%) - Total tendered: $2,749,709,000 (93.21%) [2][3] Proposed Amendments - On August 22, 2025, sufficient consents were received to amend the existing IPG indentures, eliminating certain covenants and events of default [3][5] - The proposed amendments will become operative upon the settlement date for the exchange offers, expected within two business days after the expiration date [3][4] Merger Progress - The regulatory approval process for the merger between Omnicom and IPG is ongoing, with expectations to complete the transaction within the year [6] Eligibility and Distribution - The exchange offers and consent solicitations are only available to "Eligible Holders," defined as qualified institutional buyers or non-U.S. persons outside the United States [7] - Interested parties must complete a letter of eligibility to receive the offering memorandum and participate in the exchange offers [7] Dealer Managers - Omnicom has engaged several financial institutions as lead and co-dealer managers for the exchange offers and consent solicitations [10]