NEW YORK--(BUSINESS WIRE)--Jun. 22, 2009--
The Interpublic Group of Companies, Inc. (NYSE: IPG) today announced the
results of the early settlement of tender offers for its 5.40% Notes due
2009 (CUSIP No. 460690AU4) (the “2009 Notes”) and 7.25% Notes due 2011
(CUSIP No. 460690AR1) (the “2011 Notes”).
As of 5 p.m., New York City time, on June 19, 2009, Interpublic had
received tenders in respect of $213.9 million aggregate principal amount
of 2009 Notes and $463.7 million aggregate principal amount of 2011
Notes, all of which have been accepted for purchase by Interpublic. The
holders of the accepted 2009 Notes will be entitled to receive total
consideration of $1,010 per $1,000 of principal amount tendered and the
holders of the accepted 2011 Notes will be entitled to receive total
consideration of $1,040 per $1,000 of principal amount tendered.
The total cash payment to purchase the 2009 Notes and 2011 Notes,
including accrued and unpaid interest, is $711.4 million. Such payment
is expected to be made on June 22, 2009.
Holders who have not already tendered 2009 Notes, 2011 Notes, or
Floating Rate Notes due 2010 (CUSIP No. 460690BC3) (the “2010 Notes”)
may continue to do so at any time at or prior to 5 p.m.New York City
time, on July 6, 2009, unless Interpublic extends or earlier terminates
the tender offers. However, such holders will not be entitled to receive
any early tender premium, except in the case of any 2010 Notes that were
tendered prior to 5 p.m., New York City time, on June 19, 2009, and
which are ultimately accepted for purchase. Withdrawal rights for the
tender offers have expired.
Morgan Stanley & Co. Incorporated and Citigroup Global Markets Inc. are
serving as the dealer managers for the tender offers; Global Bondholder
Services is serving as the information agent and the depositary.
Neither Interpublic, its board of directors, the information agent and
depositary nor the dealer managers make any recommendation as to whether
holders of the notes should tender or refrain from tendering the notes.
This announcement does not constitute an offer to purchase or a
solicitation of an offer to sell securities. The tender offers are being
made solely by means of the offer to purchase. In any jurisdiction where
the laws require a tender offer to be made by a licensed broker or
dealer, the tender offers will be deemed to be made on behalf of
Interpublic by the dealer managers, or one or more registered brokers or
dealers under the laws of such jurisdiction.
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.