NEW YORK--(BUSINESS WIRE)--Jun. 11, 2009--
On June 10, 2009, The Interpublic Group of Companies, Inc. (NYSE: IPG)
agreed to sell $600 million in aggregate principal amount of its 10.0%
Senior Notes due 2017. The expected net proceeds will be approximately
$572 million after deducting discounts, commissions and estimated
Interpublic intends to use proceeds from the offering to fund its
ongoing tender offer to purchase outstanding 7.25% Notes due 2011 and
Floating Rate Notes due 2010. Any funds raised in the offering but not
used in the tender offer will be used for the repayment, repurchase or
redemption of other indebtedness, general corporate purposes and working
The notes have not been and will not be registered under the Securities
Act of 1933 and may not be offered or sold in the United States absent
registration under the Act or an applicable exemption from the
registration requirements of the Act and any applicable state securities
laws. This press release is not an offer to sell or a solicitation of an
offer to buy the securities.
Interpublic is one of the world's leading organizations of advertising
agencies and marketing services companies. Major global brands include
Draftfcb, FutureBrand, GolinHarris International, Initiative, Jack
Morton Worldwide, Lowe Worldwide, Magna, McCann Erickson, Momentum, MRM
Worldwide, Octagon, Universal McCann and Weber Shandwick. Leading
domestic brands include Campbell-Ewald, Campbell Mithun, Carmichael
Lynch, Deutsch, Hill Holliday, Mullen, The Martin Agency and R/GA. For
more information, please visit www.interpublic.com.
Source: The Interpublic Group of Companies, Inc.
The Interpublic Group of Companies, Inc.
Jerry Leshne, 212-704-1439