Omnicom Group amends $2.5 billion revolver, extends it to July 2019

By Toni Weeks

San Luis Obispo, Calif., July 31 – Omnicom Group Inc. amended its $2.5 billion multi-year revolving credit facility, extending the maturity date to July 2019, according to a company press release.

The facility allows an increase in commitments by up to $500 million without further amendment of the agreement. Furthermore, with lender approval, the facility may also be extended two times, each by one year, at both the first and second anniversaries of the effective date.

The $2.5 billion availability was unchanged with the amendment.

There were no borrowings outstanding under the revolving credit facility at June 30, the release noted.

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

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