Thomson Reuters concludes its exchange offers and consent solicitations to optimize its capital structure and announces plans to file a new base shelf prospectus for future securities offerings.
 |
| Thomson Reuters successfully completes its exchange offers and consent solicitations, with plans to file a replacement base shelf prospectus to reflect its updated securities structure. Image Courtesy: Reuters |
TORONTO, CANADA — March 18, 2025:
Thomson Reuters Corporation (TRC) has announced the successful completion of its exchange offers and consent solicitations, marking a significant milestone in its ongoing efforts to optimize its capital structure. The exchange offers, which were open until 5:00 p.m. New York City time on March 17, 2025, allowed holders of certain series of notes (Old Notes) to exchange them for new notes (New Notes) issued by TR Finance LLC, a wholly owned U.S. subsidiary of TRC. The company expects settlement to occur on or around March 20, 2025.
This initiative is designed to better align TRC’s capital structure with its revenue-generating capabilities, ensuring greater financial flexibility for future growth. As part of the process, TRC plans to file a new base shelf prospectus to replace its existing one, initially issued in June 2024. The new prospectus will reflect the guarantee provided by TRC and several of its subsidiaries for the New Notes and all other outstanding debt securities, thereby strengthening the company’s financial framework.
The completion of these exchange offers and the subsequent filing of the replacement base shelf prospectus mark an important step in Thomson Reuters’ strategy to enhance its financial positioning. By optimizing its debt structure, the company aims to support ongoing operations and future capital raising efforts. While the company recognizes the uncertainty in the financial markets, it is confident that these actions will provide a stable foundation for long-term growth and value creation.
Thomson Reuters' proactive approach to its capital structure underscores its commitment to maximizing shareholder value and positioning itself for sustained success in an ever-evolving financial landscape.