NEW
YORK, July 30, 2024 /PRNewswire/ -- Omnicom
(NYSE: OMC) today announced the pricing of its public offering of
$600 million aggregate principal
amount of 5.300% Senior Notes due 2034 (the "Notes"). The Notes
will mature on November 1, 2034. The
transaction is expected to close on August
2, 2024, subject to the satisfaction of customary closing
conditions. The Notes will not be listed on any securities exchange
or included in any automated quotation system.
The Notes will bear interest at a rate of 5.300 percent per
annum. The Notes will be the unsecured and unsubordinated
obligations of Omnicom and will rank equal in right of payment to
all its existing and future unsecured senior indebtedness.
Omnicom intends to use the net proceeds from the offering, along
with available cash, to fund the repayment of its 3.65% Senior
Notes due 2024 co-issued with Omnicom Capital Inc., which mature on
November 1, 2024, of which
$750 million aggregate principal
amount was outstanding as of June 30,
2024.
BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche
Bank Securities Inc. and Wells Fargo Securities, LLC are acting as
joint book-running managers for the offering.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities in any jurisdiction
to any person to whom it is unlawful to make an offer, solicitation
or sale in such jurisdiction. The public offering is being made
pursuant to an effective shelf registration statement that has been
filed with the Securities and Exchange Commission ("SEC"). A final
prospectus supplement related to the offering will be filed with
the SEC and will be available on the SEC's website at
http://www.sec.gov. In addition, copies of the prospectus and
prospectus supplement relating to the Notes offered in the offering
may be obtained by contacting any of the following underwriters:
BofA Securities, Inc. at 1-800-294-1322, Citigroup Global Markets
Inc. at 1-800-831-9146, Deutsche Bank Securities Inc. at
1-800-503-4611 or Wells Fargo Securities, LLC at
1-800-645-3751.
About Omnicom
Omnicom (NYSE: OMC) is a leading
provider of data-inspired, creative marketing and sales solutions.
Omnicom's iconic agency brands are home to the industry's most
innovative communications specialists who are focused on driving
intelligent business outcomes for their clients. The company offers
a wide range of services in advertising, strategic media planning
and buying, precision marketing, retail and digital commerce,
branding, experiential, public relations, healthcare marketing and
other specialty marketing services to over 5,000 clients in more
than 70 countries. For more information, visit
www.omnicomgroup.com.
Forward-Looking Statements
Certain statements in this
document contain forward-looking statements, including statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. In addition, from time to time, the Company or its
representatives have made, or may make, forward-looking statements,
orally or in writing. These statements may discuss goals,
intentions and expectations as to future plans, trends, events,
results of operations or financial position, or otherwise, based on
current beliefs of the Company's management as well as assumptions
made by, and information currently available to, the Company's
management. Forward-looking statements may be accompanied by words
such as "aim," "anticipate," "believe," "plan," "could," "should,"
"would," "estimate," "expect," "forecast," "future," "guidance,"
"intend," "may," "will," "possible," "potential," "predict,"
"project" or similar words, phrases or expressions. These
forward-looking statements are subject to various risks and
uncertainties, many of which are outside the Company's control.
Therefore, you should not place undue reliance on such statements.
Factors that could cause actual results to differ materially from
those in the forward-looking statements include: adverse economic
conditions, including those caused by geopolitical events,
international hostilities, acts of terrorism, public health crises,
high and sustained inflation in countries that comprise our major
markets, high interest rates, and labor and supply chain issues
affecting the distribution of our clients' products; international,
national, or local economic conditions that could adversely affect
the Company or its clients; losses on media purchases and
production costs incurred on behalf of clients; reductions in
client spending, a slowdown in client payments, and a deterioration
or disruption in the credit markets; the ability to attract new
clients and retain existing clients in the manner anticipated;
changes in client advertising, marketing, and corporate
communications requirements; failure to manage potential conflicts
of interest between or among clients; unanticipated changes related
to competitive factors in the advertising, marketing, and corporate
communications industries; unanticipated changes to, or the ability
to hire and retain key personnel; currency exchange rate
fluctuations; reliance on information technology systems and risks
related to cybersecurity incidents; effective management of the
risks, challenges and efficiencies presented by utilizing
Artificial Intelligence (AI) technologies and related partnerships
in our business; changes in legislation or governmental regulations
affecting the Company or its clients; risks associated with
assumptions the Company makes in connection with acquisitions, its
critical accounting estimates and legal proceedings; the Company's
international operations, which are subject to the risks of
currency repatriation restrictions, social or political conditions,
and an evolving regulatory environment in high-growth markets and
developing countries; and risks related to our environmental,
social, and governance goals and initiatives, including impacts
from regulators and other stakeholders, and the impact of factors
outside of our control on such goals and initiatives. The foregoing
list of factors is not exhaustive. You should carefully consider
the foregoing factors and the other risks and uncertainties that
may affect the Company's business, including those described in
Item 1A, "Risk Factors" and Item 7, "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in our
Annual Report on Form 10-K for the year ended December 31, 2023 and in other documents filed
from time to time with the Securities and Exchange Commission.
Except as required under applicable law, the Company does not
assume any obligation to update these forward-looking
statements.
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SOURCE Omnicom Group Inc.
