Prnewswireยท2025-02-26 13:28Core 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]