Thomson Reuters ( (TSE:TRI) ) has shared an update.
Thomson Reuters announced that its subsidiary, TR Finance LLC, has filed a final prospectus for the exchange of old notes for new notes, as part of efforts to optimize its capital structure. The exchange offers aim to align revenue generation with indebtedness and provide existing note holders with similar financial terms. Additionally, the company is soliciting consents to amend indentures governing the old notes, which could result in reduced protections for note holders. The proposed amendments are expected to be approved, assuming sufficient consents are received.
More about Thomson Reuters
Thomson Reuters is a global content and technology company, primarily involved in providing information services and solutions across various industries. It focuses on delivering news, information, and analytics to professionals in the legal, tax, accounting, and media sectors.
YTD Price Performance: 11.16%
Average Trading Volume: 393,580
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $79.96B
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