Interpublic Announces Pricing of 4.20% Senior Notes Due 2024
New York, NY - March 31, 2014 - Interpublic Group (NYSE: IPG) today announced that it has launched and priced a registered public offering of $500 million aggregate principal amount of its 4.20% Senior Notes due 2024 (the "4.20% Notes"). The expected net proceeds will be approximately $494.7 million after deducting discounts, commissions and estimated offering expenses.
Interpublic intends to use the net proceeds from the offering towards the early redemption of its $350 million aggregate principal amount of 6.25% Senior Notes due 2014 (the "6.25% Notes"). Any proceeds that are not applied towards the redemption of the 6.25% Notes will be used for general corporate purposes.
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This announcement does not constitute a notice of redemption under the indenture governing the 6.25% Notes. Any such notice, if made, will only be made in accordance with the provisions of the indenture. This press release does not constitute an offer to sell or the solicitation of an offer to buy the 4.20% Notes, nor shall there be any sale of the 4.20% Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. A shelf registration statement relating to these securities has been filed with the Securities and Exchange Commission and is effective. A written preliminary prospectus and accompanying base prospectus for this offering describing the terms of the offering and meeting the requirements of Section 10 of the Securities Act of 1933 (other than a free writing prospectus as defined in Securities Act Rule 405) has been filed with the Securities and Exchange Commission and may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov.
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Interpublic is one of the world's leading organizations of advertising agencies and marketing services companies. Major global brands include BPN, FCB (Foote, Cone & Belding), FutureBrand, GolinHarris International, Huge, Initiative, Jack Morton Worldwide, Lowe and Partners, MAGNA GLOBAL, McCann, Momentum, MRM, Octagon, R/GA, UM and Weber Shandwick. Leading domestic brands include Campbell Mithun, Carmichael Lynch, Deutsch, Gotham Inc., Hill Holliday, ID Media, Lowe Campbell Ewald, Mullen and The Martin Agency. For more information, please visit www.interpublic.com.
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