New Issue: Omnicom prices $750 million 3.65% 10-year senior notes at Treasuries plus 145 bps

By Aleesia Forni

Virginia Beach, Oct. 22 – Omnicom Group Inc. and Omnicom Capital Inc. sold $750 million of senior notes (Baa1/BBB+/) due 2024 on Wednesday at Treasuries plus 145 basis points, according to a market source and an FWP filed with the Securities and Exchange Commission.

The notes sold at the tight end of price talk.

Pricing was at 99.684 to yield 3.688%.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Wells Fargo Securities LLC and BNP Paribas Securities Corp. were the bookrunners.

The portion of notes issued by Omnicom Capital is guaranteed by Omnicom Group.

Proceeds will be used 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.

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

Issuer:	Omnicom Group Inc., Omnicom Capital Inc.
Amount:	$750 million
Description:	Senior notes
Maturity:	Nov. 1, 2024
Bookrunners:	J.P. Morgan Securities LLC, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Wells Fargo Securities LLC, BNP Paribas Securities Corp.
Co-managers:	Deutsche Bank Securities Inc., MUFG, U.S. Bancorp Investments, Inc., Barclays, SMBC Nikko Securities America, Inc., Banca IMI SpA, BBVA Securities Inc., Danske Markets Inc., ING Financial Markets LLC, Mizuho Securities USA Inc., RBC Capital Markets, LLC, SG Americas Securities, LLC, ANZ Securities, Inc., Bank of Ireland Group, Comerica Securities, Inc., KeyBanc Capital Markets Inc., Lloyds Securities Inc., nabSecurities, LLC, PNC Capital Markets LLC, TD Securities (USA) LLC, Williams Capital Group, LP, UniCredit Capital Markets LLC
Coupon:	3.65%
Price:	99.684
Yield:	3.688%
Spread:	Treasuries plus 145 bps
Make-whole call:	Treasuries plus 25 bps prior to Aug. 1, 2024, then callable at par
Trade date:	Oct. 22
Settlement date:	Oct. 29
Ratings:	Moody’s: Baa1
	Standard & Poor's: BBB+
Price talk:	Treasuries plus 150 bps area

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