91 Omnicom and its subsidiary, Omnicom Finance Holdings plc, have disclosed the pricing details of the Issuer’s public offering of €600 million aggregate principal amount of 3.700% Senior Notes due 2032 . The Notes will carry an annual interest rate of 3.700% and will mature on March 6, 2032. Fully and unconditionally guaranteed by Omnicom, they will constitute unsecured and unsubordinated obligations of the Issuer and Omnicom, respectively, ranking equally in right of payment with all existing and future unsecured senior indebtedness. Proceeds from the offering are earmarked for general corporate purposes, encompassing working capital expenditures, fixed asset investments, acquisitions, repayment of commercial paper and short-term debt, debt refinancing, repurchases of Omnicom’s common stock, or other capital transactions. An application will be submitted to list the Notes on The New York Stock Exchange, subject to approval. However, Omnicom will not be obligated to maintain such listing, reserving the right to delist the Notes at its discretion. You Might Be Interested In Walmart in Talks to Sell Shuttered Medical Clinics Amid Strategic Shift Asia Shares Reach Seven-Month High Ahead of US Jobs Data US Eases Up on Truck, SUV Fuel Economy Goals Swiss Banking Shakeup: Foreign Banks See Opportunity After Credit Suisse Takeover American Express Exiting Russian Market in Response to Putin’s Banking Decree A Billion-Dollar Brawl: Exxon Mobil Challenges Chevron’s Hess Acquisition
