Interpublic Completes Redemption of Its 7 7/8% Notes Due 2005
NEW YORK--(BUSINESS WIRE)--Aug. 29, 2005--The Interpublic Group of Companies, Inc. (NYSE: IPG) announced today that on August 26, 2005, it completed the redemption of $250,000,000 in aggregate principal amount of its 7 7/8% Notes due 2005 (CUSIP No. 460690AK6) (representing the entire outstanding aggregate principal amount of such notes), at an aggregate redemption price of $258,609,063.
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, FutureBrand, GolinHarris International, Initiative, Jack Morton Worldwide, Lowe Worldwide, MAGNA Global, McCann Erickson, Octagon, Universal McCann and Weber Shandwick. Leading domestic brands include Campbell-Ewald, Deutsch and Hill Holliday.
CONTACT: General Inquiries:
Julie Tu, 212-827-3776
Media, Analysts, Investors
Philippe Krakowsky, 212-704-1328
Jerry Leshne, 212-704-1439
SOURCE: The Interpublic Group of Companies, Inc.