GREENWICH, Conn., Nov. 13 /PRNewswire-FirstCall/ -- Omnicom Group Inc. (NYSE: OMC) said that it had entered into a new agreement to increase and extend its 364-day revolving credit facility. The new facility increases the maximum borrowing amount from $1.0 billion to $1.2 billion and extends the facility to November 2004. Under the facility, Omnicom may elect to convert borrowings at maturity to a one-year term loan.
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, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.
SOURCE Omnicom Group Inc.
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