Omnicom and IPG extend exchange offers deadline to November 28

Omnicom Group Inc. (NYSE: OMC) and The Interpublic Group of Companies, Inc. (NYSE: IPG) extended the expiration date of exchange offers for IPG's outstanding notes from October 31, 2025, to November 28, 2025, in connection with their expected merger closing by the end of November.

The extension applies to exchange offers and consent solicitations for six series of IPG notes totaling $2.95 billion in aggregate principal amount. Omnicom will issue new Omnicom notes in exchange for the IPG notes, subject to the merger's completion.

As of October 29, 2025, $2.76 billion or 93.6% of the outstanding IPG notes had been validly tendered. The highest participation rate was 98.83% for the 3.375% Notes due 2041, while the lowest was 89.97% for the 4.650% Notes due 2028.

The companies received sufficient consents on August 22, 2025, to amend the existing IPG indentures by eliminating certain covenants and restrictive provisions. These amendments will become operative upon the settlement date, expected within two business days after the new expiration date, and are subject to the merger's completion.

If the merger is not anticipated to occur by November 28, 2025, Omnicom may further extend the expiration date until the merger is completed. The settlement date would correspondingly extend with any such extension.

The exchange offers are limited to qualified institutional buyers and certain non-U.S. persons. BofA Securities, J.P. Morgan Securities and Wells Fargo Securities serve as lead dealer managers for the transactions.

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