secwatch.observer — SEC 8-K summary
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Issuer:     INTERPUBLIC GROUP OF COMPANIES, INC. (—)
CIK:        0000051644
Form:       8-K
Filed at:   2023-06-08T23:59:59+00:00
Accession:  0001193125-23-163569
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Interpublic Group prices $300M 5.375% Senior Notes due 2033
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- $300M 5.375% Senior Notes due 2033 priced on June 6, closed June 8, 2023.
- Net proceeds ~$293M; proceeds to be used for general corporate purposes including repayment of $250M 4.200% notes due Apr 2024.
- Notes are unsecured senior obligations of Interpublic, ranking equally with other unsecured senior debt.
- Interest payable semi-annually on Jun 15 and Dec 15, first payment Dec 15, 2023.
- Holders may require repurchase at 101% plus accrued interest upon a change-of-control triggering ratings downgrade.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51644/000119312523163569/0001193125-23-163569-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51644/000119312523163569/d485878d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-163569

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