Interpublic Group, one of the world's leading organizations of advertising agencies and marketing services companies, completes bond offering.
On April 3, Willkie client Interpublic Group announced that it has completed its previously announced registered public offering of $500 million aggregate principal amount of its 4.20% Senior Notes due 2024. A portion of the net proceeds from the offering will be used to redeem all of Interpublic's outstanding 6.25% Senior Notes due 2014, of which an aggregate principal amount of $350 million is outstanding. Based in New York, 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. The deal was handled by partners Gregory Astrachan, Cristopher Greer and Christopher Peters and associates Ann Harrington, Timothy Andree and Anne Barrett.