Thomson Reuters ( (TSE:TRI) ) has issued an update.
Thomson Reuters announced the completion of its exchange offers and consent solicitations for certain series of notes, aimed at optimizing its capital structure. The exchange allows holders of old notes to receive new notes issued by TR Finance LLC, a subsidiary, with similar financial terms. This move is expected to align revenue generation with indebtedness and improve the company’s financial flexibility. The company also plans to file a new base shelf prospectus to update guarantees and reflect changes in its financial arrangements.
More about Thomson Reuters
Thomson Reuters is a global content and technology company, primarily focused on providing information and solutions for professionals in various industries. It operates in sectors such as legal, tax, accounting, and media, offering products and services that help professionals make informed decisions and streamline their operations.
YTD Price Performance: 7.72%
Average Trading Volume: 414,912
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $77.45B
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