Omnicom and IPG announced the extension of exchange offers related to existing notes.
The expiration date has been extended to September 30, 2025.
The offers include exchanging outstanding notes and cash as well as soliciting consents for amendments.
Extension of Offers
Omnicom extended the expiration date from September 9 to September 30, 2025.
Exchange Offer Details
Offers include exchanging existing IPG notes for new Omnicom notes and cash.
Consent Solicitations
Soliciting consents for amendments to IPG's existing indentures.
- The settlement date for the offers is expected to be within two business days after the expiration date.
- Further extensions may occur if the completion of the merger is delayed.
- Regulatory approval process for the merger is ongoing, with completion expected this year.
Omnicom's strategic moves in extending offers and seeking consents align with the pending transaction to acquire IPG.