Thomson Reuters Plans To Issue Up To $3 Billion In Debt
This is probably not the best time to ask for more credit, but Thomson Reuters (NASDAQ: TRIN) is planning to issue up to $3 billion in debt over the next two years, Reuters reports, citing regulatory filings. The media company says the debt issuance would go towards supporting general business functions. It said that specific terms for the debt issuance would be provided at a later date.
Dec 17, 2008 8:55 AM ET
Posted In: Media & Publishing, Newspapers, Money, Companies, Reuters
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Dec 17, 2008 10:41 AM
Reuter is among the few largest media company in the world, never knew they would also be affected the by the global melt down, this shows that there may be some management issues and changes is needed to be looked upon so that further funds will no tbe miss used