WPP Group PLC
15 June 2004
FOR IMMEDIATE RELEASE 15 June 2004
WPP GROUP PLC ("WPP")
WPP Announces Offering of Senior Notes
WPP (NASDAQ: WPPGY) today announced the commencement of a private offering by
one of its subsidiaries, WPP Finance (UK), of senior notes. The terms of the
issue will be determined by negotiation with the initial purchasers. The notes
will be fully and unconditionally guaranteed on a senior, unsecured basis by WPP
Group plc.
The securities offered will not be registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements. The
notes are being offered to qualified institutional buyers in the United States
under the exemption provided by Rule 144A under the Securities Act and to
overseas investors under Regulation S under the Securities Act.
It is expected that the net proceeds of the offering will be used for repayment
of indebtedness and general corporate purposes.
For further information, please contact:
Feona McEwan, WPP 44-20 7408 2204
Fran Butera WPP USA 1-212-632-2235
www.wpp.com
This information is provided by RNS
The company news service from the London Stock Exchange
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