Cleary Gottlieb represented The Interpublic Group of Companies in the amendment and restatement of its revolving credit facility, which closed on May 31. Citibank and JPMorgan Chase Bank participated in the transaction as joint lead arrangers. Under the amendment and restatement, the revolving commitments under the credit agreement were increased from $650 million to $1 billion, and the maturity date was extended to May 31, 2016. In addition, Interpublic benefits from improved pricing and less restrictive covenants.
Interpublic is one of the world’s leading organizations of advertising agencies and marketing services companies.
