DBRS Rates Thomson Reuters Corporation’s $1.5 Billion Notes Issuance BBB (high), Stable Trend

DBRS has today assigned a rating of BBB (high) with a Stable trend to Thomson Reuters Corporation’s (Thomson Reuters or the Company) USD 1.5 billion notes (the Notes) issuance, which includes:

(1) 3 1/2-year, $550 million 1.30% notes, due February 23, 2017;

(2) 10-year, $600 million 4.30% notes, due November 23, 2023; and

(3) 30-year, $350 million 5.65% notes, due November 23, 2043.

Thomson Reuters plans to use the net proceeds of this offering to redeem all of its USD 800 million principal amount of 5.70% notes due October 2014 and for general corporate purposes, including, without limitation, to finance share repurchases.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Companies in the Publishing Industry, which can be found on our website under Methodologies.