Thomson Reuters Announces Pricing for $1.3 Billion U.S. Notes and C$1 Billion Canadian Private Placement
Thomson Reuters (TRI) has announced the pricing of a public offering in the United States totaling US$1,300,000,000 in notes and a private placement in Canada for C$1,000,000,000. The U.S. offering includes $800 million in 5.10% notes due 2028 and $500 million in 5.75% notes due 2033. In Canada, the private placement consists of C$350 million each in fixed-rate notes (4.13%, 2029; 4.48%, 2031) and a floating rate note with interest based on CORRA plus 0.76% due 2029. The offerings are expected to close on September 17, 2026, generating approximately US$1,295 million in net proceeds from the U.S. offering and C$997 million from Canada. The funds will be used for general corporate purposes, including repaying existing commercial paper debt. Both offerings are guaranteed by Thomson Reuters Corporation (TRC) or its subsidiaries. The U.S. notes were underwritten by a syndicate led by RBC Capital Markets, BofA Securities, Barclays, and Mizuho. The Canadian private placement is also managed through the same lead agents but will not be registered in the United States.
Topics: bond_issue corporate_finance