Omnicom closes $1.7 billion senior notes offering

Reuters03-03
Omnicom closes $1.7 billion senior notes offering

Omnicom Group Inc. closed a public offering of U.S. dollar-denominated senior notes totaling $400 million of 4.200% Senior Notes due 2029, $700 million of 5.000% Senior Notes due 2033 and $600 million of 5.300% Senior Notes due 2036. The company said it received approximately $1.68 billion in net proceeds, which it intends to use primarily to repay its 3.600% Senior Notes due 2026 and for general corporate purposes.

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