Thomson Reuters Prices $1.3 Billion of US Public Offerings, C$1 Billion of Privately Placed Canadian Notes

MT Newswires Live
3小時前

Thomson Reuters (TRI) priced a US public offering by its subsidiary, TR Finance, of $800 million of 5.1% notes due 2028 and $500 million of 5.750% notes due 2033.

The parent company priced a Canadian private placement of 350 million Canadian dollars ($253.3 million) of 4.13% notes due 2029, C$350 million of 4.48% notes due 2031, and C$300 million of floating rate notes due 2029, according to a statement late Thursday.

These securities will bear interest at a rate equal to the daily compounded Canadian Overnight Repo Rate Average plus 0.76% per annum.

Thomson Reuters plans to use the net proceeds from both offerings for general corporate purposes, including to repay debt under its commercial paper program.

The offerings are each expected to close Sept. 17.

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