Interpublic exercises option to redeem all $600 million of 10% notes

By Tali David

Minneapolis, June 14 - Interpublic Group of Cos., Inc. is exercising its option to redeem all $600 million of its 10% senior notes due 2017, according to an 8-K filed with the Securities and Exchange Commission.

The notes will be redeemed at 105 on July 15.

The company plans to use a portion of the proceeds of its notes issued in November 2012 to fund the redemption price.

SunTrust Bank is the indenture trustee.

Interpublic is an advertising and marketing company based in New York.

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