Interpublic today announced that it raised $640M via the sale of senior notes due 2030 to retire all or a portion of $500M in debt due this year and next.
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The ad/PR conglom also arranged a new $500M 364-day credit line to bolster its existing $1.5B facility.
CEO Michael Roth said the moves fortify IPG's financial stability in light of current market uncertainty.
He said IPG is dealing with the COVID-19 outbreak "by taking steps to ensure the safety of our employees, while developing creative ideas to protect the health and well-being of our communities, and setting up our people to help them do their best work for our clients while working remotely."
IPG owns PR firms Weber Shandwick, Golin, DeVries Global, Powell Tate, Current Global and PMK•BNC.
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
