Thomson Reuters’ Financial & Risk plans new debt financing

By Sara Rosenberg

New York, Jan. 31 – Thomson Reuters’ Financial & Risk plans on getting new debt financing to help fund the acquisition of a 55% stake in the company by Blackstone, Canada Pension Plan Investment Board and GIC, according to a news release.

J.P. Morgan, Bank of America Merrill Lynch and Citigroup provided the debt commitment.

Thomson Reuters will retain a 45% equity stake in the company.

The company has an overall valuation of $20 billion.

Closing is expected in the second half of this year.

Thomson Reuters’ Financial & Risk is a data and financial technology platform.

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