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Omnicom closes $1.4B debt offering

Omnicom Group Inc.and unit Omnicom Capital Inc.on April 6 closed theiroffering of $1.4 billion in 3.600% senior notes due 2026.

The companies expect to use the net proceeds from the offeringto retire their $1.0 billion of outstanding 5.90% senior notes due 2016 at maturityon April 15, and for general corporate purposes, including working capital expenditures,fixed asset expenditures, acquisitions, refinancing of other debt, repurchases ofOmnicom Group's common stock or other capital transactions.