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Thomson Reuters Announces Results of Early Tenders and Extension of Early Tender Time for Debt Exchange Offers and Consent Solicitations
Prnewswire· 2025-02-26 13:28
Core Points - Thomson Reuters announced an exchange offer for its Old Notes to optimize its capital structure and align revenue generation with indebtedness [2][4] - The exchange offers will allow holders of Old Notes to receive New Notes with similar financial terms and covenants [2][4] - The Total Consideration and Consent Solicitation Fee will be available until the Expiration Time on March 17, 2025 [8][9] Exchange Offer Details - As of the Early Tender Time, significant amounts of Old Notes were tendered, including $437.895 million of 3.350% Notes due 2026 (87.58%), $445.140 million of 5.850% Notes due 2040 (89.03%), and $335.504 million of 5.650% Notes due 2043 (95.86%) [4] - The Total Consideration consists of $1,000 principal amount of New Notes for each $1,000 principal amount of Old Notes tendered, plus a cash amount of $2.50 for consenting to the Proposed Amendments [8][9] Consent Solicitation - TRC is soliciting consents to amend the indenture governing the Old Notes, which may result in fewer restrictive terms for the holders [5][6] - Proposed Amendments require consent from a majority of the aggregate principal amount of the outstanding Old Notes for each series [5][7] Timeline - The settlement date for the exchange offers is expected to be March 20, 2025, assuming no extensions [3][4] - Holders can withdraw their tendered Old Notes before the Expiration Time but will not receive the Total Consideration unless they re-tender [9]
Thomson Reuters to Present at Scotiabank TMT Conference
Prnewswire· 2025-02-25 16:00
Group 1 - Thomson Reuters' CFO Mike Eastwood will present at the Scotiabank TMT Conference on March 4, 2025, at 1:30 p.m. EST, which may include forward-looking information [1] - The company provides trusted content and technology to help professionals in various sectors, including legal, tax, accounting, compliance, government, and media [2] - Thomson Reuters combines specialized software and insights to empower professionals with necessary data and solutions for informed decision-making [2] Group 2 - Reuters, as part of Thomson Reuters, is recognized as a leading provider of trusted journalism and news [2] - The company emphasizes its role in supporting institutions in their pursuit of justice, truth, and transparency [2] - For further information, stakeholders can visit the company's website at tr.com [2]
Thomson Reuters: Raising 'Big 3' Guides For 2025, But Expensive At Current Levels
Seeking Alpha· 2025-02-16 10:45
Group 1 - Thomson Reuters operates various professional information services businesses catering to law, finance, accounting, and media sectors [1] - The company provides legal professionals with research platforms such as Westlaw and Practical Law, which enhance legal analysis and practice management [1] - In the finance sector, Thomson Reuters is recognized for delivering real-time market data [1] Group 2 - The investment philosophy highlighted emphasizes acquiring high-quality stocks and businesses led by disciplined capital allocators [1] - The focus is on businesses that generate exceptional returns on capital and can compound invested capital over extended periods [1]
Thomson Reuters to Transfer U.S. Stock Exchange Listing to Nasdaq
Prnewswire· 2025-02-13 12:00
Ticker symbol will remain "TRI"TORONTO, Feb. 13, 2025 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI), a global content and technology company, today announced that it will voluntarily transfer its U.S. stock exchange listing to the Nasdaq Global Select Market ("Nasdaq") from the New York Stock Exchange ("NYSE"). Thomson Reuters expects that its common shares will cease trading on the NYSE at market close on or about February 24, 2025 and that its common shares will commence trading on the Nasdaq on or abou ...
Thomson Reuters Commences Debt Exchange Offers and Consent Solicitations
Prnewswire· 2025-02-11 22:02
TORONTO, Feb. 11, 2025 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI), a global content and technology company, announced today that it has commenced offers to exchange all validly tendered and accepted notes of Thomson Reuters Corporation, an Ontario corporation ("TRC"), of the series described below (the "Old Notes") for new notes (the "New Notes") to be issued by TR Finance LLC ("TR Finance"), an indirect 100% owned U.S. subsidiary of TRC, having the same interest rate, interest payment dates, maturity ...
Thomson Reuters: AI Adoption And Growth Acceleration Make Me Optimistic
Seeking Alpha· 2025-02-11 06:17
I consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, ethical, and long-term thinkers; with a fair valuationAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions ...
Thomson Reuters Announces New $150M Corporate Venture Capital Fund
Prnewswire· 2025-02-10 13:00
TORONTO, Feb. 10, 2025  /PRNewswire/ -- Thomson Reuters (NYSE/TSX: TRI), a global content and technology company, today announced the launch of its second Corporate Venture Capital Fund, valued at $150 million. Building on the success of its first $100 million fund, launched in 2021, Fund 2 reaffirms the company's commitment to driving innovation and delivering customer value. Continuing to operate under the name Thomson Reuters Ventures, Fund 2 will focus on early-stage technology companies across Legal Te ...
Thomson Reuters(TRI) - 2024 Q4 - Earnings Call Transcript
2025-02-06 19:20
Thomson Reuters Corporation (NYSE:TRI) Q4 2024 Earnings Conference Call February 6, 2025 8:00 AM ET Company Participants Gary Bisbee - Head of Investor Relations Steve Hasker - Chief Executive Officer Mike Eastwood - Chief Financial Officer Conference Call Participants Scott Fletcher - CIBC Capital Markets Tim Casey - BMO Capital Markets George Tong - Goldman Sachs Gary Bisbee Thanks, Jenny. Good morning and thank you all for joining us today for our Fourth Quarter 2024 Earnings Call. I'm joined by our CEO, ...
Thomson Reuters (TRI) Reports Q4 Earnings: What Key Metrics Have to Say
ZACKS· 2025-02-06 15:36
Thomson Reuters (TRI) reported $1.91 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 5.2%. EPS of $1.01 for the same period compares to $0.98 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.9 billion, representing a surprise of +0.24%. The company delivered an EPS surprise of +5.21%, with the consensus EPS estimate being $0.96.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...
Thomson Reuters (TRI) Q4 Earnings and Revenues Top Estimates
ZACKS· 2025-02-06 13:41
Thomson Reuters (TRI) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.21%. A quarter ago, it was expected that this news and financial information company would post earnings of $0.78 per share when it actually produced earnings of $0.80, delivering a surprise of 2.56%.Over the last ...