Attached files
| file | filename |
|---|---|
| EX-10.1 - INTERPUBLIC GROUP OF COMPANIES, INC. | ipg8kex10-1_0122.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
_______________________
FORM
8-K
_______________________
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15 (d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
report (Date of earliest event reported): January 22, 2010
|
The Interpublic Group of Companies,
Inc.
|
||
|
(Exact Name of Registrant as Specified in
Charter)
|
||
|
Delaware
|
1-6686
|
13-1024020
|
|
(State or Other Jurisdiction
of Incorporation) |
(Commission File
Number) |
(IRS Employer
Identification No.) |
|
1114 Avenue of the Americas, New York, New
York
|
10036
|
|
|
(Address of Principal Executive
Offices)
|
(Zip Code)
|
|
|
Registrant’s telephone number, including
area code: 212-704-1200
|
||
|
(Former Name or Former Address, if Changed
Since Last Report)
|
||
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item
1.01. Entry into a Material Definitive Agreement
On
January 22, 2010, The Interpublic Group of Companies, Inc. (“IPG”) entered into
Amendment No. 3 (the “Amendment”) to the 3-Year Credit Agreement dated as of
July 18, 2008 (the “Credit Agreement”) among IPG, Citibank, N.A. as
administrative agent, and the banks, financial institutions and other
institutional lenders parties thereto as lenders. A copy of the
Amendment is attached hereto as Exhibit 10.1 and is hereby incorporated into
this report by reference to this exhibit. The summary below is
qualified in its entirety by reference to the full terms of the
Amendment. The Amendment modifies certain of the financial covenants
as follows:
Leverage
ratio. The Credit Agreement previously required a leverage
ratio no greater than 3.25x for the remaining term of the Credit
Agreement. The Amendment raises the maximum leverage ratio to 3.75x
for the four-quarter periods ended December 31, 2009 and March 31, 2010,
respectively, and to 3.50x for the four-quarter period ended June 30,
2010.
Minimum
EBITDA. The Credit Agreement previously required a minimum
level of EBITDA of $550 million for each four-quarter period through the second
quarter of 2010, which increases to $600 million for each four-quarter period
ended September 30, 2010 and thereafter. The Amendment reduces the
minimum level to $520 million for each of the four-quarter periods ended
December 31, 2009 and March 31, 2010, respectively.
Item
9.01. Financial Statements and Exhibits.
(c) Exhibits
|
10.1
|
Amendment
No. 3 to the 3-Year Credit Agreement, dated as of January 22, 2010 (filed
pursuant to Item 1.01)
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
| THE INTERPUBLIC GROUP OF COMPANIES, INC. | ||
| Date: January 25, 2010 |
By:
|
/s/ Nicholas J. Camera |
| Nicholas J.
Camera Senior Vice President, General Counsel and Secretary |
||