Thomson Reuters has priced a dual-currency debt transaction combining a U.S. public offering and a Canadian private placement, raising aggregate net proceeds of approximately US$1.29B and C$997M respectively, with both offerings expected to close on September 17, 2026. The U.S. tranche totals US$1.3B and is issued by Delaware subsidiary TR Finance LLC with full guarantees from Thomson Reuters Corporation and select subsidiaries, comprising US$800 million of 5.100% notes due 2028 and US$500 million of 5.750% notes due 2033, both paying interest semi-annually. Concurrently, Thomson Reuters will directly issue a C$1B Canadian private placement, fully guaranteed by specified subsidiaries, structured as C$350M of 4.130% notes due 2029, C$350M of 4.480% notes due 2031, both with semi-annual coupon payments, and C$300M of floating rate notes due 2029 that pay interest quarterly at daily compounded CORRA plus 0.76% per annum. Thomson Reuters plans to deploy the net proceeds from both offerings for general corporate purposes, including the repayment of outstanding debt under its commercial paper program.
Thomson Reuters Corporation Common SharesThomson Reuters priced US$1.3B and C$1B dual-currency debt offerings, with proceeds for general corporate purposes including commercial paper repayment.
