Transaction|August 16, 2011
Thomson Reuters enters into new US$2 billion credit facility
Torys acted as counsel to Thomson Reuters with a team that included Tom Zverina and Nadine Rockman Katz.
On August 16, 2011, Thomson Reuters Corporation (TSX/NYSE: TRI) (Thomson Reuters) signed a new US$2 billion revolving credit agreement with a syndicate of lenders that included Barclays Capital, J.P. Morgan Securities LLC, RBC Capital Markets and RBS Securities Inc. The lenders are extending credit in the form of Global Tranche revolving loans and working capital facilities totaling US$650 million. The lenders are also extending credit in the form of Canadian Tranche revolving loans and working capital facilities totaling US$1.35 billion.
The purpose of the credit facility is to provide liquidity in connection with Thomson Reuters commercial paper program and for other general corporate purposes.
Thomson Reuters is the leading source of intelligent information for the world's businesses and professionals.
The purpose of the credit facility is to provide liquidity in connection with Thomson Reuters commercial paper program and for other general corporate purposes.
Thomson Reuters is the leading source of intelligent information for the world's businesses and professionals.