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NEW YORK The new agreements that Interpublic Group forged Monday with its lenders prohibit the company from paying dividends, buying back shares and making capital expenditures. They also “limit the ability of domestic subsidiaries to incur additional debt,” IPG said.
Those restrictions, however, may be loosened or lifted, if IPG makes certain financial progress. For example, if the company should realize more than $400 million in net proceeds from the sale of assets, IPG will have the ability to pay limited dividends.
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