Thomson Reuters Corp Announces Pricing Of USD1.5 Billion Note Offering


Thursday, 14 Nov 2013 06:30pm EST 

Thomson Reuters Corp announced the pricing of its offering of USD1.5 billion of debt securities, which consists of USD550 million principal amount of 1.30% notes due 2017, USD600 million principal amount of 4.30% notes due 2023 and USD350 million principal amount of 5.65% notes due 2043. The offering is expected to close on November 21, 2013, subject to customary closing conditions. Thomson Reuters plans to use the net proceeds of this offering to redeem all of its USD800 million principal amount of 5.70% notes due in October 2014, as previously announced earlier on November 14, 2013, and for general corporate purposes including, without limitation, to finance share repurchases. Barclays Capital Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are the joint book-running managers for the offering. 

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