Thomson Learning Drops $540 Million in Notes From LBO Bond Offering

(Bloomberg) -- Thomson Learning, the textbook and
educational testing unit of Thomson Corp., cut its bond offering
by $540 million to $1.6 billion and eliminated so-called toggle
notes from the sale, said KDP Investment Advisors Inc.

Proceeds are being used to finance the leveraged buyout of
the Thomson Learning and Nelson Canada assets by London-based
buyout firm Apax Partners and the Ontario Municipal Employees
Retirement System.


Read more at Bloomberg Bonds News