Verisk Analytics, Inc. Prices Offering of Senior Notes

Rhea-AI Summary

Verisk Analytics (Nasdaq: VRSK) has announced the pricing of a dual-tranche senior notes offering totaling $1.5 billion. The offering consists of $750 million of 4.500% Senior Notes due 2030 and $750 million of 5.125% Senior Notes due 2036.

The company plans to use the proceeds, along with borrowings from a three-year delayed draw term loan facility and cash on hand, to finance the $2.35 billion acquisition of AccuLynx. The notes offering is expected to close on August 21, 2025, and is not conditioned upon the completion of the AccuLynx acquisition.

Positive

• Strategic acquisition of AccuLynx valued at $2.35 billion expands company portfolio
• Successful pricing of $1.5 billion senior notes offering shows strong market confidence
• Diversified funding approach combining notes, term loan, and cash demonstrates financial flexibility

Negative

• Significant increase in debt load with $1.5 billion in new senior notes
• Higher interest expenses with 4.500% and 5.125% notes due 2030 and 2036
• Additional leverage from planned term loan facility will impact balance sheet

Insights

Fixed Income Analyst

Verisk's $1.5B note offering finances its $2.35B AccuLynx acquisition, significantly expanding its debt profile with strategic growth implications.

Verisk Analytics has priced a substantial $1.5 billion dual-tranche senior notes offering, consisting of $750 million in 5-year notes at 4.500% due 2030 and $750 million in 11-year notes at 5.125% due 2036. This debt issuance represents a significant financial move for the data analytics provider, as it's primarily intended to fund the $2.35 billion acquisition of AccuLynx.

The company's financing strategy for this acquisition is multi-faceted, combining these newly issued notes with a planned three-year delayed draw term loan and existing cash reserves. This structured approach to acquisition financing demonstrates careful capital planning, allowing Verisk to layer its debt obligations across different time horizons and potentially minimize near-term refinancing pressures.

The pricing spread between the two tranches (0.625%) reflects typical term premium expectations, though the absolute rates indicate Verisk likely maintains a solid investment-grade credit profile. The notes are being offered through a shelf registration statement filed in March 2023, utilizing established capital markets access.

It's worth noting that the debt offering will proceed regardless of whether the AccuLynx acquisition closes, creating a potential scenario where Verisk could have significant additional capital if the deal falls through. The offering is expected to close August 21, 2025, with Goldman Sachs, BofA Securities, and Wells Fargo Securities serving as joint book-running managers.

JERSEY CITY, N.J., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq: VRSK) (“Verisk” or the “Company”), a leading global data analytics and technology provider, today announced the pricing of an offering of $750 million of 4.500% Senior Notes due 2030 (the “2030 Notes”) and $750 million of 5.125% Senior Notes due 2036 (the “2036 Notes” and, together with the 2030 Notes, the “Notes”). The closing of the offering is expected to occur on August 21, 2025, subject to satisfaction of customary closing conditions.

The Company intends to use the net proceeds of this offering, together with the borrowings under its senior unsecured three-year delayed draw term loan facility that it expects to enter into and cash on hand, to finance the approximately $2.35 billion purchase price for the acquisition of AccuLynx (the “Acquisition”). The sale of the Notes is not conditioned upon the consummation of the Acquisition, which, if completed, will occur subsequent to the closing of the sale of the Notes.

Goldman Sachs & Co. LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.

The Notes are being offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission on March 24, 2023. The offering of the Notes is made only by means of a prospectus supplement and accompanying prospectus. Copies may be obtained by contacting Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282, Attn: Prospectus Department, e-mail prospectus-ny@ny.email.gs.com; BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department, e-mail dg.prospectus_requests@bofa.com; or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn: WFS Customer Service, e-mail wfscustomerservice@wellsfargo.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes, nor will there be any sale of the Notes in any jurisdiction in which such offer, solicitation, or sale would be unlawful. Any offer, solicitation or sale of the Notes will be made only by means of the prospectus supplement and the accompanying prospectus.

About Verisk

Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong.

Forward-Looking Statements

This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. For example, statements regarding the expected closing of the offering, the expected use of proceeds from the offering and the consummation of the Acquisition are forward-looking. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “target,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue” or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements, because they involve known and unknown risks, uncertainties, and other factors that are, in some cases, beyond the Company’s control and that could materially affect actual results, levels of activity, performance, or achievements.

Other factors that could materially affect actual results, levels of activity, performance, or achievements can be found in the Company’s quarterly reports on Form 10-Q, annual reports on Form 10-K, and current reports on Form 8-K filed with the Securities and Exchange Commission. If any of these risks or uncertainties materialize or if the Company’s underlying assumptions prove to be incorrect, actual results may vary significantly from what the Company projected. Any forward-looking statement in this release reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to the Company’s operations, results of operations, growth strategy, and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise except as required by law.

Investor Relations
Stacey Brodbar
Head of Investor Relations, Verisk
201-469-4327
stacey.brodbar@verisk.com

Media
Ali Herbert
Verisk Public Relations
201-469-3998
ali.herbert@verisk.com

FAQ

What is the size and structure of Verisk's (VRSK) new senior notes offering?

Verisk is offering $1.5 billion in senior notes, split between $750 million of 4.500% notes due 2030 and $750 million of 5.125% notes due 2036.

How will Verisk (VRSK) use the proceeds from the senior notes offering?

The proceeds will be used, along with term loan borrowings and cash on hand, to finance the $2.35 billion acquisition of AccuLynx.

When will Verisk's (VRSK) senior notes offering close?

The senior notes offering is expected to close on August 21, 2025, subject to customary closing conditions.

Is Verisk's (VRSK) notes offering dependent on the AccuLynx acquisition?

No, the sale of the notes is not conditioned upon the completion of the AccuLynx acquisition.

What are the interest rates for Verisk's (VRSK) new senior notes?

The 2030 notes carry an interest rate of 4.500%, while the 2036 notes carry an interest rate of 5.125%.