June 25, 2009 (FinancialWire) — Omnicom Group Inc. (NYSE: OMC), together with its finance subsidiaries, has priced a public offering of $500 million of senior notes. The notes will mature on July 15, 2019.

The notes will bear interest at a rate of 6.250 percent per annum, will be the joint and several unsecured and unsubordinated obligations of Omnicom Group, Omnicom Capital and Omnicom Finance.

Omnicom and its subsidiaries plan to use the net proceeds from the offering to repay indebtedness outstanding under their $2.5 billion revolving credit facility.

The company said that any net proceeds not used to repay such indebtedness will be used for general corporate purposes, which could include working capital expenditures, acquisitions, refinancing of other debt or other capital transactions.

The transaction is expected to close on July 1.

New York-based Omnicom Group is a marketing and corporate communications company. The company’s branded networks and 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.

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