Omnicom last week notified the SEC that it has secured a $600 million loan agreement from a consortium of banks including Citibank, Barclays and others. 

The firm said the loan would be used for general corporate purposes including certain acquisitions. 

The loan disclosure filing doesn’t mention any specific acquisitions that it might be allocated to funding but it follows the closing of Omnicom’s biggest acquisition to date—the purchase of commerce specialist Flywheel Digital from Ascential for $900 million. 

As with most corporate loans of this magnitude there is a conditions clause that prohibits any litigation, ongoing or threatened, that would have a “material or adverse” impact on the firm’s ability to pay back the loan.  

And Omnicom indicated there was no such litigation. There is potential litigation related to the acquisition that Omnicom may be dragged into that you can read about here. But the company clearly does not view it as material.  

Earlier Omnicom indicated that it had obtained warranty and indemnification insurance protecting it from potential liabilities associated with its purchase of Flywheel.