SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): December 10, 2001
The Interpublic Group of Companies, Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-6686 13-1024020
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(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
1271 Avenue of the Americas, New York, New York 10020
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 212-399-8000
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
On December 10, 2001, The Interpublic Group of Companies, Inc.
issued a press release, a copy of which is attached hereto as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
Exhibits.
99.1 Press Release dated December 10, 2001.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE INTERPUBLIC GROUP OF COMPANIES, INC.
Date: December 10, 2001 By: /s/ Nicholas J. Camera
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Nicholas J. Camera
SENIOR VICE PRESIDENT,
GENERAL COUNSEL AND
SECRETARY
EXHIBIT INDEX
Exhibits.
99.1 Press Release dated December 10, 2001.
EXHIBIT 99.1
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INTERPUBLIC TO REFINANCE EXISTING DEBT WITH $500 MILLION
PROCEEDS FROM ZERO-COUPON CONVERTIBLE SENIOR NOTES
New York, NY (December 10, 2001)--The Interpublic Group of Companies,
Inc. (NYSE: IPG) has announced its intention to refinance existing debt
with $500 million of proceeds from the sale of unsecured zero-coupon
convertible senior notes. The notes are expected to have a 20-year
maturity and be redeemable at Interpublic's option beginning in 2006.
Net proceeds from the offering will be used for the repayment of
existing short-term and long-term indebtedness, general corporate
purposes and working capital.
"Interpublic is taking advantage of favorable market conditions to
reduce its future borrowing costs," said Sean F. Orr, executive vice
president and chief financial officer.
The Interpublic Group of Companies is one of the world's leading
organizations of advertising agencies and marketing services companies.
Its four global operating groups are McCann-Erickson WorldGroup, The
Partnership, FCB Group and Advanced Marketing Services. Major global
brands include Draft Worldwide, Foote, Cone & Belding Worldwide,
Golin/Harris International, Initiative Media, Lowe Worldwide,
McCann-Erickson, Octagon, Universal McCann and Weber Shandwick.
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The notes to be offered have not been and, at the time of the offering,
will not be registered under the Securities Act of 1933, or any state
securities laws, and may not be offered or sold in the United States
absent registration under, or an applicable exemption from, the
registration requirements of the Securities Act of 1933 and applicable
state securities laws.
This news release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities law of any such state or
jurisdiction.