Thomson profit rises as Reuters deal proceeds

(Reuters) - Thomson, which publishes legal, tax, financial, scientific and health care information, said it earned $377 million, or 58 cents a share. That was up from a profit of $173 million, or 26 cents a share, in the same period a year earlier.




After adjusting for a one-time tax benefit of $14 million, discontinued operations, costs related to the Reuters transaction and other items, earnings were $254 million, or 39 cents a share, compared with $210 million, or 33 cents a share, in the corresponding period in 2006.


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UPDATE 1-US corporate bond sales rise in 1st qtr-Thomson

(Reuters) - U.S. companies sold $93.72 billion of high-yield bonds in
the first half of the year, up from $65.39 billion in the same
period last year. High-grade bond sales totaled $547.34 billion
in the first half, up from $486.85 billion in the same period
last year, Thomson said.




"Our experience is you tend to get more than half of the
supply in the first half of the year," said Jim Merli, global
head of the debt syndicate at Lehman Brothers in New York.
However, issuance in the second half is likely to be near
levels seen in the first half of the year, he said.


Read more at Reuters.com Bonds News

Thomson unit forced to up interest costs-sources

(Reuters) - Pricing on the seven-year, $3.44 billion term loan backing
the deal was increased by 25 basis points, the sources said,
bumping up the company's borrowing costs. Investors also forced
Thomson Learning to change terms on its revolver and
pay-in-kind notes.




The company and its private equity buyers already faced
high borrowing costs through the large chunk of debt borrowed
for the buyout.


Read more at Reuters.com Bonds News