Interpublic in $335 Million Credit Facility
July 18, 2008
Cleary Gottlieb represented The Interpublic Group of Companies, Inc. as borrower in a $335 million unsecured syndicated revolving credit facility, of which $200 million is available for the issuance of letters of credit. The facility allows for an increase in the aggregate commitments up to a maximum of $485 million. The deal closed on July 18.
The facility was co-arranged by Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.
Interpublic is a longstanding Cleary Gottlieb client and one of the world’s leading organizations of advertising agencies and marketing services companies.