Omnicom Group Inc. and The Interpublic Group of Companies, Inc. have extended the expiration date of exchange offers for various outstanding notes.
The offers involve exchanging existing IPG notes for new Omnicom notes and cash.
Consent solicitations are also part of the process to amend existing IPG indentures.
Extension of Offers
Omnicom extended the expiration date from September 9 to September 30, 2025.
Amendments to Indentures
Consents received on August 22, 2025, allowed for amendments to the Existing IPG Indentures.
Impact on Merger
The completion of the Merger between Omnicom and IPG is a condition for the operative amendments.
- The regulatory approval process for the Merger is in progress, with expectations of completion this year.
- Extensions of the expiration date will coordinate with the settlement date post-Merger completion.
The Exchange Offers and Consent Solicitations mark significant progress in the merger process between Omnicom and IPG, reflecting strategic financial decisions.