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Omnicom : Secures $2.5B Revolving Credit Facility

08/05/2014 | 01:18am US/Eastern
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Omnicom Group has amended and extended its multiyear revolving credit facility to July 2019.

According to the company, amounts available for borrowings under the facility are unchanged at $2.5 billion. The facility includes a provision to increase the commitment by up to $500 million without further amendment at the option of Omnicom. The agreement also now includes an option to extend the facility for an additional year at both the first and second anniversary of the effective date with each bank's approval.

There were no borrowings outstanding under the prior revolving credit facility at June 30.

Omnicom Group is a global marketing and corporate communications company.

More Information:

omnicomgroup.com

((Comments on this story may be sent to newsdesk@closeupmedia.com))

(c) 2014 ProQuest Information and Learning Company; All Rights Reserved.

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