Interpublic Announces $1 Billion Senior Notes Offering

February 25, 2021

Willkie represented Interpublic Group in its registered public offering of $500 million aggregate principal amount of its 2.400% Senior Notes due 2031 and $500 million aggregate principal amount of its 3.375% Senior Notes due 2041.

On February 23, Willkie client Interpublic Group (NYSE: IPG) announced that it priced a registered public offering of $500 million aggregate principal amount of its 2.400% Senior Notes due 2031 and $500 million aggregate principal amount of its 3.375% Senior Notes due 2041. The offering closed on February 25. The company plans to use the net proceeds from the offering to retire certain of its outstanding indebtedness.

Citigroup Global Markets Inc., BofA Securities, Inc. and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering.

Interpublic Group is a global provider of marketing solutions. With 50,200 employees in all major world markets, its companies specialize in advertising, digital marketing, communications planning, media, public relations and specialty marketing.

The transaction was handled by partners Danielle Scalzo and Anne Barrett, and associates Marisa Weisbaum and M. Scott Greenberg and law clerk Elizabeth Lebens.