Issue of Debt
23 March 2001 - 6:00PM
UK Regulatory
RNS Number:9537A
Thomson Corporation
22 March 2001
( BW)(THOMSON-CORPORATION)(TOC.TO) The Thomson Corporation
Announces US$125 Million Public Debenture Offering
Business Editors
TORONTO--(BUSINESS WIRE)--March 22, 2001--The Thomson Corporation
(TSE:TOC) announced today that it has agreed to issue US$125 million
of Extendible Floating Rate Debentures. The offering will be
underwritten by TD Securities Inc. A prospectus supplement relating to
the offering, which is being made only in Canada, will be filed with
securities commissions in all provinces.
The Debentures will mature on March 20, 2003 subject to the
extension of the maturity by a holder for additional one-year periods
from March 20, 2003 to March 22, 2004 and from March 22, 2004 to March
21, 2005. Interest will be payable quarterly in arrears on March 20,
June 20, September 20 and December 20 in each year. The interest rate
for each quarterly period will be equal to LIBOR plus (i) 0.45% for
the period from and including the date of issue of the Debentures to
but excluding March 20, 2003, (ii) 0.55% for the period from and
including March 20, 2003 to but excluding March 22, 2004, and (iii)
0.65% for the period from and including March 22, 2004 to but
excluding March 21, 2005. The Debentures will be direct unsecured
obligations of the Corporation. Proceeds of the offering will be used
for general corporate purposes, including repayment of indebtedness
incurred on the issuance of commercial paper. The offering is expected
to close on April 17, 2001.
The Thomson Corporation (www.thomson.com) with 2000 revenues of
approximately US$6.0 billion, is a leading global e-information and
solutions company in the business and professional marketplace. The
Corporation's common shares are listed on the Toronto and London stock
exchanges.
--30--
CONTACT: The Thomson Corporation
Investor Contact:
John Kechejian, 203/328-9470
john.kechejian@thomson.com
Media Contact:
Jason Stewart, 203/328-8339
jason.stewart@thomson.com
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