TORONTO, May 11, 2020 /PRNewswire/ -- Thomson Reuters
(TSX/NYSE: TRI) today announced the pricing of its offering of
C$1.4 billion (approximately
US$1 billion) principal amount of
2.239% notes due 2025. The offering is expected to close on
May 14, 2020, subject to customary
closing conditions. Thomson Reuters plans to use the net proceeds
of this offering for general corporate purposes, including, without
limitation, to repay existing indebtedness under its credit
facility and commercial paper program.
Thomson Reuters plans to enter into an agency agreement with a
syndicate of Canadian investment dealers. The notes have not been
registered under the U.S. Securities Act of 1933 and may not be
offered or sold in the United
States absent registration or an applicable exemption from
registration requirements.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy any of such notes and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale is unlawful.
Thomson Reuters
Thomson Reuters is a leading provider
of business information services. Our products include highly
specialized information-enabled software and tools for legal, tax,
accounting and compliance professionals combined with the world's
most global news service – Reuters. For more information on Thomson
Reuters, visit tr.com and for the latest world
news, reuters.com.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this news release are forward-looking,
including Thomson Reuters expectations about the proposed offering,
the expected closing date of the offering and the planned use of
proceeds of the offering. There can be no assurance that the
offering will be completed. While the company believes that it has
a reasonable basis for making forward-looking statements in this
news release, they are not a guarantee of future performance or
outcomes and there is no assurance that events described in any
forward-looking statement will materialize. Forward-looking
statements are subject to a number of risks,
uncertainties and assumptions that could cause actual results or
events to differ materially from current expectations, including
other factors discussed in materials that Thomson Reuters from time
to time files with, or furnishes to, the Canadian securities
regulatory authorities and the U.S. Securities and Exchange
Commission. Many of these risks, uncertainties and assumptions are
beyond our company's control and the effects of them can be
difficult to predict. You are cautioned not to place undue reliance
on forward-looking statements which reflect expectations only as of
the date of this news release. Except as may be required by
applicable law, Thomson Reuters disclaims any obligation to update
or revise any forward-looking statements.
CONTACTS
|
|
MEDIA
David
Crundwell
Head of Corporate
Affairs
+44 79 0989
8605
david.crundwell@tr.com
|
INVESTORS
Frank J.
Golden
Head of Investor
Relations
+1 646 223
5288
frank.golden@tr.com
|
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SOURCE Thomson Reuters