Thomson Reuters plans note sale in three-, 30-year tranches Thursday

By Andrea Heisinger

New York, May 16 - Thomson Reuters Corp. is expected to price notes (Baa1/A-/A-) in two tranches on Thursday, according to a market source and an SUPPL filing with the Securities and Exchange Commission.

The offering is to include a three-year note and 30-year bond, the source said.

There is a change-of-control put at 101%.

Bookrunners are Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC and RBS Securities Inc.

Proceeds will be used for general corporate purposes, including to repay a portion of $750 million of 5.95% notes due in July and $250 million of 5.25% notes due in August, both upon maturity.

Thomson Reuters was last in the U.S. bond market with a $350 million sale of 10-year notes on Sept. 28, 2011.

The multinational media and information company is based in New York City.

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