Omnicom's $2 Bil. Credit Line Gets An 'A-' From S&P

How can you keep pace with an accelerating marketing ecosystem? Join us at Brandweek Sept. 12–16 in Miami alongside leading CMOs, founders and change makers from GatoradeMarriottAlo YogaCampbell'sUncommon James and more. Book now.

Last week, Standard & Poor’s Ratings Services assigned an “A-” rating to Omnicom Group’s new $2 billion credit line, which has replaced its former $2.035 billion facility.

The new arrangement comprises a five-year facility that provides for up to $1.5 billion in borrowings and is available through May 2009, and another, 364-day line that allows for up to $500 million and is available through May 2005.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in