NYSE:OMCMedia
Is Omnicom Group (OMC) Using Debt Reshuffling And India Leadership Changes To Redefine Its Strategy?
Earlier this month, Omnicom Group Inc. completed a US$2.76 billion exchange of assumed Interpublic senior notes into new Omnicom unsecured senior notes, while also appointing Kartik Sharma as CEO of Omnicom Media India, supported by Amardeep Singh as COO and Shashi Sinha as strategic advisor.
By consolidating Interpublic’s debt under a single Omnicom indenture and tightening governance terms, the group is reshaping its capital structure just as it refreshes leadership in a key growth market...