Omnicom extends IPG bond exchange offer deadline to September 30

Omnicom Group Inc. (NYSE: OMC) and The Interpublic Group of Companies Inc. (NYSE: IPG) announced that Omnicom has extended the expiration date for its exchange offers from September 9 to September 30, 2025.

The exchange offers involve six series of existing IPG notes totaling $2.95 billion in aggregate principal amount. As of September 8, bondholders had tendered $2.75 billion worth of notes, representing 93.21% of the outstanding amount, according to the press release.

The exchange offers are part of Omnicom's pending acquisition of IPG under a merger agreement dated December 8, 2024. Omnicom is offering to exchange existing IPG notes for new Omnicom senior notes plus cash.

On August 22, 2025, Omnicom received sufficient consents to amend the existing IPG bond indentures to eliminate certain covenants and restrictions. IPG executed a supplemental indenture on that date, though the amendments will only become operative upon completion of the merger and settlement of the exchange offers.

The settlement date is expected within two business days after the September 30 expiration date. If the merger is not anticipated to complete by the expiration date, Omnicom may further extend the deadline until the merger is finished.

Individual note series showed high tender rates: the 3.375% Notes due 2041 had the highest participation at 98.77%, while the 4.650% Notes due 2028 had the lowest at 89.67%.

The companies stated that regulatory approval for the merger continues to progress and they expect to complete the transaction this year.

BofA Securities, J.P. Morgan Securities and Wells Fargo Securities are serving as lead dealer managers for the exchange offers, with several other banks acting as co-dealer managers.

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