Omnicom Group Inc. and the Interpublic Group of Companies, Inc. (IPG) have announced the results of early participation in exchange offers and consent solicitations. As of August 22, 2025, Omnicom had received valid tenders and consents from eligible holders sufficient to constitute a majority noteholder consent for each series of existing IPG notes. The specific details are as follows:
- 4.650% notes due 2028: $500,000,000 principal amount outstanding with $448,348,000 tendered, representing 89.67%.
- 4.750% notes due 2030: $650,000,000 principal amount outstanding with $586,445,000 tendered, representing 90.22%.
- 2.400% notes due 2031: $500,000,000 principal amount outstanding with $456,839,000 tendered, representing 91.37%.
- 5.375% notes due 2033: $300,000,000 principal amount outstanding with $276,569,000 tendered, representing 92.19%.
- 3.375% notes due 2041: $500,000,000 principal amount outstanding with $493,860,000 tendered, representing 98.77%.
- 5.400% notes due 2048: $500,000,000 principal amount outstanding with $487,848,000 tendered, representing 97.57%.
- Total: $2,950,000,000 principal amount outstanding with $2,749,909,000 tendered, representing 93.22%.
The consent solicitations are being made to amend each indenture governing each series of the existing IPG notes to eliminate certain covenants, restrictive provisions, and events of default. The proposed amendments are expected to become operative upon the settlement date for the exchange offers and the consent solicitations, subject to certain conditions.
Eligible holders who tendered their existing IPG notes at or prior to the early tender date are eligible to receive the total exchange consideration, which includes new Omnicom notes and a consent payment. The settlement date is expected to be within two business days after the expiration date, with the possibility of an extension if the completion of the merger is delayed.
Omnicom is making the exchange offers and consent solicitations subject to the conditions set forth in the offering memorandum and consent solicitation statement dated August 11, 2025. The exchange offers and consent solicitations are expected to result in reduced liquidity for the existing IPG notes that are not exchanged, with the proposed amendments reducing protection for remaining holders of existing IPG notes.
Omnicom has engaged BofA Securities, Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC as lead dealer managers and solicitation agents for the exchange offers and consent solicitations.
The new Omnicom notes have not been registered under the securities act or any state or foreign securities laws. The statement has not been filed with or reviewed by the federal or any state securities commission or regulatory authority of any country.
This announcement provides specific figures and details about the participation in the exchange offers and consent solicitations for the existing IPG notes. As a result of these announcements, the company's shares have moved 2.84% on the market, and are now trading at a price of $79.68. Check out the company's full 8-K submission here.
