Omnicom Group extended its multiyear revolving credit facility to February 2025. Amounts available for borrowings under the facility are unchanged at $2.5 billion.
The agreement includes two one-year extensions of the facility on any anniversary date with bank approvals.
There were no borrowings outstanding under the prior revolving credit facility at December 31, 2019.
According to a related 8-K filing, Citibank served as administrative agent for the facility.
Citibank, JPMorgan and Wells Fargo Securities, served as lead arrangers and book managers.
Omnicom Group is a global marketing and corporate communications company.
