Omnicom enters $400 million 364-day credit agreement

By Wendy Van Sickle

Columbus, Ohio, April 6 – Omnicom Group Inc. and its wholly owned subsidiary Omnicom Capital Inc. entered into a 364-day $400 million credit agreement, according to an 8-K filing with the Securities and Exchange Commission.

Citibank, NA, BofA Securities, Inc., Mizuho Bank, Ltd. and U.S. Bank NA are the joint lead arrangers and joint book managers. Bank of America, NA, Mizuho and U.S. Bank are the syndication agents. Citibank is the administrative agent.

Borrowings may be used for general corporate purposes and bear interest of Libor plus a margin ranging from 130 basis points to 140 bps, depending on ratings. The commitment fee range from 20 bps to 35 bps.

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