By Andrea Heisinger
New York, Aug. 6 - Omnicom Group Inc. and Omnicom Capital Inc. were in the market on Monday with a reopening of 3.625% senior notes due in May 2022 to add $250 million, a market source said.
The notes (Baa1/BBB+/) were sold at 105.287 to yield 2.994% with a spread of Treasuries plus 145 basis points.
There is a make-whole call at 30 bps over Treasuries.
Total issuance is $1 billion, including $750 million priced at 170 bps over Treasuries on April 18.
J.P. Morgan Securities LLC was the active bookrunner, and Citigroup Global Markets Inc. was passive.
Co-managers were HSBC Securities (USA) Inc., Bank of America Merrill Lynch, Wells Fargo Securities, LLC, BNP Paribas Securities Corp., Mitsubishi UFJ Securities (USA), Inc., Deutsche Bank Securities Inc., TD Securities (USA) LLC, SMBC Nikko Capital Markets Ltd. and U.S. Bancorp Investments, Inc.
The portion of notes issued by Omnicom Capital is guaranteed by Omnicom Group.
Proceeds will be used for general corporate purposes.
The global marketing and corporate communications company is based in New York City.
| Issuer: | Omnicom Group Inc., Omnicom Capital Inc.
|
| Guarantor: | Omnicom Group guarantees Omnicom Capital
|
| Issue: | Senior notes, reopened
|
| Amount: | $250 million
|
| Maturity: | May 1, 2022
|
| Bookrunners: | J.P. Morgan Securities LLC (active), Citigroup Global Markets Inc. (passive)
|
| Co-managers: | HSBC Securities (USA) Inc., Bank of America Merrill Lynch, Wells Fargo Securities, LLC, BNP Paribas Securities Corp., Mitsubishi UFJ Securities (USA), Inc., Deutsche Bank Securities Inc., TD Securities (USA) LLC, SMBC Nikko Capital Markets Ltd., U.S. Bancorp Investments, Inc.
|
| Coupon: | 3.625%
|
| Price: | 105.287
|
| Yield: | 2.994%
|
| Spread: | Treasuries plus 145 bps
|
| Call: | Make-whole at Treasuries plus 30 bps
|
| Trade date: | Aug. 6
|
| Settlement date: | Aug. 9
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
| Total issuance: | $1 billion, including $750 million priced on April 18
|
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