Omnicom and Interpublic Announce Extension of Exchange Offers in Connection with Expected Merger Closing

Core Viewpoint - Omnicom Group Inc. and The Interpublic Group of Companies, Inc. announced the extension of the expiration date for the exchange offers and consent solicitations related to IPG's outstanding notes, in connection with their pending merger expected to close by the end of November 2025 [1][6]. Company Overview - Omnicom is a leading provider of data-inspired marketing and sales solutions, serving over 5,000 clients in more than 70 countries [1]. - IPG is a creatively driven provider of marketing solutions, housing several well-known global brands [2]. Merger Details - The expiration date for the exchange offers and consent solicitations has been extended from October 31, 2025, to November 28, 2025 [1][6]. - Omnicom plans to issue new notes in exchange for IPG's existing notes, contingent upon the merger's completion [1]. Financial Instruments - The exchange offers include various series of IPG notes, with a total of up to $2,950,000,000 in new senior notes to be issued by Omnicom [7]. - As of October 29, 2025, approximately $2,761,159,000 of the existing IPG notes had been tendered, representing a participation rate of 93.60% [10]. Consent Solicitation - The consent solicitations aim to amend the indentures governing the existing IPG notes, which will become operative upon the settlement date for the exchange offers [10][11]. - The proposed amendments include eliminating certain covenants and restrictive provisions from the existing indentures [10]. Management and Advisory - Omnicom has engaged several financial institutions as lead dealer managers and solicitation agents for the exchange offers and consent solicitations [16].