Omnicom Reaches Agreement on $2.5 Billion Revolving Credit Facility
NEW YORK, July 31, 2014 /PRNewswire/ -- Omnicom Group Inc. (NYSE: OMC) announced today the amendment and extension of its multiyear revolving credit facility to July 2019. 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, 2014.
Omnicom Group Inc. (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries. Twitter| @Omnicom: Facebook| Omnicom Group: LinkedIn| Omnicom Group.
SOURCE Omnicom Group Inc.