Omnicom extends $2.5 billion credit agreements, switches to SOFR

Chicago, June 5 – Omnicom Group Inc. and its wholly owned subsidiaries Omnicom Capital Inc. and Omnicom Finance Ltd. amended and restated their $2.5 billion credit facility for the third time on June 2, according to an 8-K filing with the Securities and Exchange Commission.

The five-year revolving credit facility has been extended to June 2, 2028.

The benchmark language has been switched to SOFR from Libor.

Interest will be SOFR plus 69 basis points to 132.5 bps, based on ratings. The applicable percentage, also based on ratings, is 6 bps to 17.5 bps.

Citibank, NA, JPMorgan Chase Bank, NA and Wells Fargo Securities, LLC are the lead arrangers and bookrunners,

JPMorgan and Wells Fargo Bank, NA are syndication agents.

Bank of America, NA, BNP Paribas, Barclays, Deutsche Bank Securities Inc. and HSBC Bank USA, NA are documentation agents, and Citibank is administrative agent for the lenders.

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