11:41 AM EST - Thomson Reuters : announced that it will exercise its right to redeem about $600 million U.S. outstanding debt securities. Three separate series of securities will be redeemed. Thomson Reuters plans to finance the redemptions through the issuance of new debt securities and/or cash balances. In October 2009, Thomson Reuters will redeem all $400 million of its outstanding 6.85% medium-term notes or MTNs due June 1, 2011, all $250 million U.S. of its outstanding 4.75% notes due May 28, 2010, and all $75 million U.S. of its outstanding 7.74% notes due December 22, 2010, which were issued in a private placement. Thomson Reuters noted that the Redemption prices include applicable early repayment premiums as well as accrued and unpaid interest through the redemption dates. The about $600 million U.S. tstanding debt securities to be redeemed reflects the amount expected to be paid by Thomson Reuters after termination of applicable cross currency interest rate swap agreements. Thomson Reuters
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