Interpublic plans to conduct offering of senior notes in four parts

By Devika Patel

Knoxville, Tenn., Sept. 18 – Interpublic Group of Cos., Inc. intends to offer dollar-denominated senior notes in four tranches, according to a 424B2 filing with the Securities and Exchange Commission. Moody's Investors Service said it has assigned Baa2 ratings to the $2 billion of notes.

The notes feature a make-whole call and then a par call.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, BofA Merrill Lynch and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used, along with proceeds from a term loan, to acquire Acxiom Corp.’s Marketing Solutions business for $2.3 billion in cash.

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

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