Omnicom Group Inc. and Interpublic Group of Companies, Inc. announced the results of early participation in exchange offers and consent solicitations.
The Exchange Offers and Consent Solicitations were successful with valid tenders and consents received from Eligible Holders.
The announcement detailed the principal amount and series of existing IPG Notes tendered at the Early Tender Date.
Successful Participation
Valid tenders and consents received from Eligible Holders for Majority Noteholder Consents.
Proposed Amendments
Executed supplemental indenture by IPG to effect Proposed Amendments approved in Consent Solicitations.
Total Exchange Consideration
Eligible Holders to receive $1,000 principal amount of New Omnicom Notes and a Consent Payment of $1.00 in cash for each $1,000 principal amount of Existing IPG Notes tendered.
- The successful exchange offers and consent solicitations demonstrate shareholder confidence in the entities.
- Proposed Amendments through the consent solicitations highlight the commitment to align with stakeholders' interests.
The announcement reflects a positive response from the market to the Exchange Offers and Consent Solicitations, showcasing strong investor support for the transactions.