Omnicom Increases Its Revolving Credit Agreement to $2.4 Billion

NEW YORK, June 28 /PRNewswire-FirstCall/ -- Omnicom Group Inc. (NYSE: OMC) has extended its multiyear revolving credit facility to June 2011 and increased the amount available from $2.1 billion to $2.4 billion.

In conjunction with the closing of this facility, Omnicom has terminated the $400 million 364-day revolving credit facility which would have matured on June 30, 2006.

There were no borrowings outstanding under either of these facilities during 2006.

Omnicom Group Inc. (NYSE: OMC) ( 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.

Randall Weisenburger