Interpublic Prices Offering of $300 Million Aggregate Principal Amount of Senior Notes

New York, NY, June 06, 2023 (GLOBE NEWSWIRE) -- Interpublic Group (NYSE: IPG) today announced that it has priced a registered public offering of $300 million aggregate principal amount of its 5.375% Senior Notes due 2033 (CUSIP Number 460690 BU3) (the “Notes”). The offering of the Notes is expected to close on June 8, 2023, subject to customary closing conditions. The net proceeds are expected to be approximately $293 million after discounts, commissions and estimated offering expenses. The Company plans to use the net proceeds from the offering for general corporate purposes, which is expected to include the repayment at or before maturity of the $250 million aggregate principal amount of its 4.200% senior notes due April 2024 (the “2024 Notes”). No statement contained in this press release shall constitute a notice of redemption under the indenture governing the 2024 Notes. Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and BofA Securities, Inc. are acting as joint book-running managers for the offering.

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This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. A shelf registration statement relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and is effective. The offering is being made by means of a prospectus and related prospectus supplement only, copies of which, or information concerning this offering, may be obtained by contacting: Citigroup Global Markets Inc. toll-free at [phone] or by email at [e-mail];  J.P. Morgan Securities LLC collect at 212-834-4533; or Morgan Stanley & Co. LLC toll-free at (866)-718-1649. You may also obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov.

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About Interpublic
Interpublic (NYSE: IPG) (www.interpublic.com) is a values-based, data-fueled, and creatively-driven provider of marketing solutions. Home to some of the world’s best-known and most innovative communications specialists, IPG global brands include Acxiom, Craft, FCB, FutureBrand, Golin, Huge, Initiative, IPG Health, Jack Morton, Kinesso, MAGNA, Matterkind, McCann, Mediabrands, Mediahub, Momentum, MRM, MullenLowe Group, Octagon, R/GA, UM, Weber Shandwick and more. IPG is an S&P 500 company with total revenue of $10.93 billion in 2022.