Cleary Gottlieb represented long-time client The Interpublic Group of Companies, Inc. in its SEC-registered offering of $250 million aggregate principal amount of 4.00% senior notes due 2022. The transaction closed on March 2, 2012.
Interpublic intends to use the net proceeds from the offering to redeem all of its outstanding 4.25% convertible senior notes due 2023, which have been called for redemption on March 26, 2012. Cleary Gottlieb is also assisting Interpublic with the redemption process.
Interpublic is one of the world’s premier global advertising and marketing services companies, with 42,000 employees in all major world markets and 2011 revenues of $7 billion.
