Interpublic Redeems Its 1.8% Convertible Subordinated Notes Due 2004
NEW YORK--(BUSINESS WIRE)--Jan. 22, 2004--The Interpublic Group of Companies, Inc. (NYSE: IPG) announced today that it successfully redeemed all of its outstanding 1.80% Convertible Subordinated Notes due 2004, with an aggregate principal amount of $249,958,000. The redemption date was January 20, 2004. The redemption price was $246,033,659 (96.6813% of the principal amount of the notes plus original issue discount accrued to the redemption date, or $978.10 per $1,000 principal amount of the notes, plus accrued interest to the redemption date).
About Interpublic
Interpublic is one of the world's leading organizations of advertising agencies and marketing services companies. Major global brands include Draft, Foote, Cone & Belding Worldwide, Golin/Harris International, Initiative Media, Lowe & Partners Worldwide, McCann-Erickson, Universal McCann and Weber Shandwick Worldwide. Leading domestic brands include Campbell-Ewald, Deutsch and Hill Holliday.
CONTACT: General Inquiries:
Financial Relations Board
Julie Tu, 212-445-8456
or
Media:
Interpublic Group of Companies, Inc.
Philippe Krakowsky, 212-399-8088
or
Analysts:
Interpublic Group of Companies, Inc.
Dan Leib, 212-621-5767
SOURCE: Interpublic Group of Companies, Inc.