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Thomson Reuters ( (TSE:TRI) ) just unveiled an announcement.
On February 11, 2025, Thomson Reuters announced the commencement of debt exchange offers and consent solicitations, aiming to optimize its capital structure. The exchange involves swapping existing notes for new ones issued by TR Finance LLC, a subsidiary, with identical financial terms. This move aligns the company’s revenue generation with its indebtedness. As part of this process, the company is seeking consents from noteholders to amend certain covenants, potentially reducing protections for noteholders. The exchange offers and solicitations are set to expire on March 17, 2025.
More about Thomson Reuters
Thomson Reuters is a global content and technology company, specializing in providing information services and products primarily for professionals in the legal, tax, accounting, and media sectors. The company focuses on delivering reliable and high-quality information and tools to help professionals make informed decisions.
YTD Price Performance: 10.92%
Average Trading Volume: 308,227
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $79.19B
For an in-depth examination of TRI stock, go to TipRanks’ Stock Analysis page.
