Moody's: Omnicom notes Baa1

Moody's Investors Service said it assigned a Baa1 rating to Omnicom Group, Inc.'s proposed $500 million senior unsecured notes due 2022.

The outlook remains stable.

Moody's said it expects Omnicom will use the bulk of the proceeds for general corporate purposes, which could include working capital expenditures, fixed asset expenditures, acquisitions, refinancing of other debt, repurchases of common stock or other capital transactions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.