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Published on 4/29/2010 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Interpublic Group repurchases $21.4 million of its floaters due 2010

By Devika Patel

Knoxville, Tenn., April 29 - Interpublic Group of Cos., Inc. repurchased $21.4 million of its floating-rate senior unsecured notes due 2010 in April, according to a 10-Q filed Thursday with the Securities and Exchange Commission.

The company expects to use available cash to retire the remaining notes.

Interpublic is a New York-based provider of advertising and marketing services.


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