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Published on 4/28/2021 in the Prospect News Investment Grade Daily.

Omnicom plans to issue senior notes via three bookrunners

By Devika Patel

Knoxville, Tenn., April 28 – Omnicom Group Inc. intends to sell senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

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

Barclays, Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used, with cash on hand, to redeem the company’s $1.25 billion of outstanding 3.625% senior notes due May 1, 2022.

The global marketing and corporate communications company is based in New York.


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