v3.26.1
Debt
 6 Months Ended
Jun. 30, 2026
Debt [Abstract]  
Debt Debt
Credit Facility
On November 26, 2025, the Company entered into a Fourth Amended and Restated Five Year Credit Agreement (the “Credit Agreement Amendment”), which amended and restated the Company’s Third Amended and Restated Five Year Credit Agreement, dated as of June 2, 2023. The Credit Agreement Amendment, among other things, (i) increased the unsecured multi-currency revolving credit facility (the “Credit Facility”) amount from $2.5 billion to $3.5 billion, (ii) reduced the facility fee and applicable margin, (iii) extended the termination date (with respect to the available commitments of the extending lenders) from June 2, 2028 to November 26, 2030 and (iv) designated Omnicom as sole borrower under the Credit Facility.
We can issue up to $3.0 billion of U.S. Dollar denominated commercial paper under a U.S. commercial paper program, and issue up to the equivalent of $500 million in British Pounds, Euro, or U.S. Dollars under a Euro commercial paper program. In addition, certain of our subsidiaries have uncommitted credit lines that are guaranteed by Omnicom, aggregating $919.1 million. All of these facilities provide additional liquidity sources for operating capital and general corporate purposes. During the three months ended June 30, 2026, we issued commercial paper, and the average and maximum amounts outstanding during the quarter were $34.0 million and $230.0 million, respectively. During the six months ended June 30, 2026, we issued commercial paper, and the average and maximum amounts outstanding were $147.3 million and $632.6 million, respectively. There were no issuances of commercial paper for the three and six months ended June 30, 2025. At both June 30, 2026 and 2025, there were no outstanding commercial paper issuances.
The Credit Facility has a financial covenant that requires us to maintain a Leverage Ratio (as defined in the Credit Facility) of consolidated indebtedness to consolidated EBITDA (earnings before interest, taxes, depreciation, amortization and non-cash charges) of no more than 3.5 times for the most recently ended 12-month period. At June 30, 2026, we were in compliance with this covenant as our Leverage Ratio, computed in accordance with the terms of the facility, was 2.4 times. The Credit Facility does not limit our ability to declare or pay dividends or repurchase our common stock.
Short-Term Debt
Short-term debt of $48.8 million and $62.0 million at June 30, 2026 and December 31, 2025, respectively, represented bank overdrafts and short-term borrowings primarily of our international subsidiaries.
Long-Term Debt
Long-term debt:
June 30, 2026December 31, 2025
3.600% Senior Notes due 2026
$— $1,400.0 
€500 million 0.800% Senior Notes due 2027
569.2 588.7 
4.650% Senior Notes (Exchange/IPG) due 2028
500.0 500.0 
4.200% Senior Notes due 2029
400.0 — 
2.450% Senior Notes due 2030
600.0 600.0 
4.200% Senior Notes due 2030
600.0 600.0 
4.750% Senior Notes (Exchange/IPG) due 2030
650.0 650.0 
€500 million 1.400% Senior Notes due 2031
569.2 588.7 
2.400% Senior Notes (Exchange/IPG) due 2031
500.0 500.0 
2.600% Senior Notes due 2031
800.0 800.0 
€600 million 3.700% Senior Notes due 2032
683.0 706.4 
£325 million 2.250% Senior Notes due 2033
429.0 439.1 
5.000% Senior Notes due 2033
700.0 — 
5.375% Senior Notes (Exchange/IPG) due 2033
300.0 300.0 
€600 million 3.850% Senior Notes due 2034
683.0 — 
5.300% Senior Notes due 2034
600.0 600.0 
5.300% Senior Notes due 2036
600.0 — 
3.375% Senior Notes (Exchange/IPG) due 2041
500.0 500.0 
5.400% Senior Notes (Exchange/IPG) due 2048
500.0 500.0 
 Long-Term Debt, Gross10,183.4 9,272.9 
Unamortized discount
(188.8)(192.3)
Unamortized debt issuance costs(41.4)(25.9)
Unamortized deferred loss from settlement of interest rate swap— (0.2)
Long-Term Debt, including current portion9,953.2 9,054.5 
Current portion— (1,399.5)
Long-Term Debt$9,953.2 $7,655.0 
On March 2, 2026, Omnicom closed its public offering of $400 million aggregate principal amount of 4.200% Senior Notes due 2029, $700 million aggregate principal amount of 5.000% Senior Notes due 2033 and $600 million aggregate principal amount of 5.300% Senior Notes due 2036. In addition, on March 2, 2026, Omnicom Finance Holdings plc, a U.K.-based wholly-owned subsidiary of Omnicom ("OFH"), closed its public offering of €600 million aggregate principal amount of 3.850% Senior Notes due 2034, which are fully and unconditionally guaranteed by Omnicom. Omnicom used a portion of the net proceeds of these offerings to repay its $1.4 billion 3.600% Senior Notes due 2026, which were fully redeemed at par on March 13, 2026. Omnicom intends to use the remaining proceeds for general corporate purposes.
Omnicom has fully and unconditionally guaranteed the obligations of OFH with respect to the €500 million 0.800% Senior Notes due 2027, the €500 million 1.400% Senior Notes due 2031, the €600 million 3.700% Senior Notes due 2032, and the €600 million 3.850% Senior Notes due 2034 (collectively, the "Euro Notes"). OFH’s assets consist of its investments in several wholly owned finance companies that function as treasury centers, providing funding for various operating companies in Europe, Australia, and other countries in the Asia-Pacific region. The finance companies’ assets consist of cash and cash equivalents and intercompany loans that they make or have made to the operating companies in their respective regions and the related interest receivable. There are no restrictions on the ability of Omnicom or OFH to obtain funds from their subsidiaries through dividends,
loans, or advances. The Euro Notes and the related guarantees are senior unsecured obligations that rank equal in right of payment with all existing and future unsecured senior indebtedness of OFH and Omnicom, respectively.
Omnicom has fully and unconditionally guaranteed the obligations of Omnicom Capital Holdings plc ("OCH") a U.K.-based wholly owned subsidiary of Omnicom, with respect to the £325 million aggregate principal amount of 2.250% Senior Notes due 2033 (the "Sterling Notes"). OCH’s assets consist of its investments in several wholly owned finance companies that function as treasury centers, providing funding for various operating companies in EMEA, Australia, and other countries in the Asia-Pacific region. The finance companies’ assets consist of cash and cash equivalents and intercompany loans that they make or have made to the operating companies in their respective regions and the related interest receivable. There are no restrictions on the ability of Omnicom or OCH to obtain funds from their subsidiaries through dividends, loans, or advances. The Sterling Notes and the related guarantee are senior unsecured obligations that rank equal in right of payment with all existing and future unsecured senior indebtedness of OCH and Omnicom, respectively.