Omnicom pricing benchmark 10-year senior notes Wednesday

By Aleesia Forni

Virginia Beach, Oct. 22 – Omnicom Group Inc. and Omnicom Capital Inc. plan to sell a benchmark offering of senior notes due 2024 on Wednesday, according to a market source and a 424B2 filed with the Securities and Exchange Commission.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Wells Fargo Securities LLC and BNP Paribas Securities Corp. are the bookrunners.

The portion of notes issued by Omnicom Capital is guaranteed by Omnicom Group.

Proceeds will be used for general corporate purposes, which could include working capital expenditures, fixed asset expenditures, acquisitions, refinancing of other debt, repurchases of common stock or other capital transactions.

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.