Thomson Reuters To Buy Back $700M In Notes

Law360, New York (March 23, 2010, 12:41 PM EDT) -- Thomson Reuters Corp. said Tuesday it will repurchase its $700 million principal amount of 6.2 percent debt securities that will come due in January 2012.

The business information and news company will offer $500 million of its 5.85 percent notes due in 2040 to make the purchase. It will also finance the repurchase with cash.

The company will provide holders of the 6.2 percent securities with a voluntary tender offer before redeeming them.

Debt holders will be offered $1,085 per every $1,000 principal amount of notes....
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