Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for Omnicom Group Inc. > News item |
Omnicom enters $400 million 364-day credit agreement
By Wendy Van Sickle
Columbus, Ohio, April 6 – Omnicom Group Inc. and its wholly owned subsidiary Omnicom Capital Inc. entered into a 364-day $400 million credit agreement, according to an 8-K filing with the Securities and Exchange Commission.
Citibank, NA, BofA Securities, Inc., Mizuho Bank, Ltd. and U.S. Bank NA are the joint lead arrangers and joint book managers. Bank of America, NA, Mizuho and U.S. Bank are the syndication agents. Citibank is the administrative agent.
Borrowings may be used for general corporate purposes and bear interest of Libor plus a margin ranging from 130 basis points to 140 bps, depending on ratings. The commitment fee range from 20 bps to 35 bps.
The global marketing and corporate communications company is based in New York City.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.