Verisk Analytics, Inc. announced the pricing of an offering of $500 million in 4.450% Senior Notes due 2031 and $500 million in 5.125% Senior Notes due 2036. The company intends to use the net proceeds to repay existing borrowings under its term loan and revolving credit facility, which funded accelerated share repurchases, and for general corporate purposes. BofA Securities, Inc., Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC are acting as joint book-running managers.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Verisk Analytics, Inc. Prices Offering of Senior Notes
Verisk Analytics, Inc. announced the pricing of an offering of $500 million in 4.450% Senior Notes due 2031 and $500 million in 5.125% Senior Notes due 2036. The company intends to use the net proceeds to repay existing borrowings under its term loan and revolving credit facility, which funded accelerated share repurchases, and for general corporate purposes. BofA Securities, Inc., Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC are acting as joint book-running managers.