Item 1.01. Entry into a Material Definitive Agreement.
On
The terms of the Credit Agreement include representations and warranties,
affirmative and negative covenants (including certain financial covenants) and
events of default that are customary for credit facilities of this nature. Upon
the occurrence, and during the continuance, of an event of default, including
but not limited to nonpayment of principal when due, nonpayment of interest
within five business days after it becomes due, failure to perform or observe
certain terms, covenants or agreements under the Credit Agreement, and certain
defaults of other indebtedness, the Agent may terminate the obligation of the
Lenders under the Credit Agreement to make advances and issue letters of credit
and declare any outstanding obligations under the Credit Agreement immediately
due and payable. In addition, in the event of an actual or deemed entry of an
order for relief with respect to any
The obligations of the Borrowers under the Credit Agreement are guaranteed by
The foregoing description of the Credit Agreement does not purport to be a complete statement of the parties' rights and obligations under the Credit Agreement and the transactions contemplated by the Credit Agreement. The foregoing description of the Credit Agreement is qualified in its entirety by reference to the Credit Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information described above under Item 1.01 Entry into a Material Definitive Agreement is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit Description Number 10.1 Second Amended and Restated Five Year Credit Agreement, dated as ofFebruary 14, 2020 , by and amongOmnicom Capital Inc. , aConnecticut corporation,Omnicom Finance Limited , a private limited company organized under the laws ofEngland andWales ,Omnicom Group Inc. , aNew York corporation, any other subsidiary ofOmnicom Group Inc. designated for borrowing privileges, the banks, financial institutions and other institutional lenders and initial issuing banks listed on the signature pages thereof,Citibank, N.A .,JPMorgan Chase Bank, N.A ., andWells Fargo Securities, LLC , as lead arrangers and book managers,JPMorgan Chase Bank, N.A . andWells Fargo Bank, National Association , as syndication agents,Bank of America, N.A .,BNP Paribas , Barclays Bank PLC,Deutsche Bank Securities Inc. andHSBC Bank USA, National Association , as documentation agents, andCitibank, N.A ., as administrative agent for the lenders. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
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