Omnicom pushes out maturity of $2.5 billion revolver to October 2016

By Susanna Moon

Chicago, Oct. 12 - Omnicom Group Inc. said it extended its multiyear revolving credit facility to October 2016. The amount available for borrowings under the facility is set at $2.5 billion.

The company may boost the commitment by up to $500 million.

There were no borrowings outstanding under the prior revolver as of Sept. 30, according to a company press release.

The marketing and corporate communications company is based in Greenwich, Conn., and New York.

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