NEW YORK, June 15, 2010 /PRNewswire via COMTEX/ --Omnicom Group Inc. (NYSE: OMC) announced today that it has increased the consent fee payable in connection with its previously announced consent solicitation and exchange related to its Zero Coupon Zero Yield Convertible Notes due 2038 (the "Notes") from $40.00 to $50.00 per $1,000 aggregate principal amount of Notes. Accordingly, Omnicom will make a cash payment equal to $50.00 per $1,000 aggregate principal amount of Notes, as follows:
As previously announced, Omnicom Group Inc. is seeking the consent of the holders of the Notes to amend the Notes and the related indenture to, among other things, (i) have noteholders waive their right to contingent cash interest, if payable, from December 15, 2010 through and including December 15, 2013 and (ii) eliminate Omnicom's right to redeem the Notes prior to June 17, 2013. The consent solicitation will expire on July 9, 2010.
This press release is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consents with respect to any Notes, nor is this announcement an offer or solicitation of an offer to sell new securities. The consent solicitation is being made solely by the Consent Solicitation and Exchange Statement, copies of which are available from Omnicom on its website (www.omnicomgroup.com) via this link, or by calling Omnicom at (212) 415-3393.
Omnicom Group Inc. (NYSE: OMC) (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.
SOURCE Omnicom Group Inc.
Katie Beaule [email protected]