Omnicom Group Inc. and The Interpublic Group of Companies, Inc. (IPG) have announced the extension of exchange offers for several outstanding notes. The extension, which pushes the expiration date to September 30, 2025, comes after Omnicom received consents to amend existing IPG indentures on August 22, 2025.
As of September 8, 2025, the principal amounts of existing IPG notes had been tendered and not withdrawn, with percentages ranging from 89.67% to 98.77%. Notably, the 3.375% notes due 2041 and the 5.400% notes due 2048 saw the highest percentages of existing notes tendered at 98.77% and 97.57%, respectively.
The exchange offers and consent solicitations are expected to result in reduced liquidity for the existing IPG notes that are not exchanged. The proposed amendments to the existing IPG indenture will also reduce protection for remaining holders of existing IPG notes.
Omnicom is making the exchange offers and consent solicitations pursuant to the terms and conditions set forth in the offering memorandum and consent solicitation statement dated August 11, 2025. The company has engaged lead dealer managers and solicitation agents, as well as co-dealer managers 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. Additionally, the statement has not been filed with or reviewed by the federal or any state securities commission or regulatory authority of any country.
Omnicom is a leading provider of data-inspired, creative marketing and sales solutions with iconic agency brands that offer a wide range of services to over 5,000 clients in more than 70 countries.
The regulatory approval process for the merger between Omnicom and IPG is continuing to progress, with the companies expecting to complete the transaction this year. Today the company's shares have moved -1.04% to a price of $26.73. Check out the company's full 8-K submission here.
