---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-23-005450"
form_type: "8-K"
ticker: "VRSK"
cik: "0001442145"
company_name: "Verisk Analytics, Inc."
filed_at: "2023-04-05T23:59:59+00:00"
generated_at: "2026-06-17T05:47:46.064281+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Verisk extends $1.0B revolver maturity to 2028, eases leverage covenant

## Summary
- Extended maturity of $1.0B revolving credit facility to five years from April 5, 2023 (now due 2028).
- Implemented Term SOFR, SOFR Daily Floating Rate, and SONIA as reference rates; reduced unused commitment fee.
- Increased max consolidated funded debt leverage ratio from 3.50x to 3.75x, with temporary step-ups to 4.25x and 4.50x for permitted acquisitions.
- KeyBank and First Commercial Bank exited as lenders; new lenders joined; all borrowings remain unsecured.
- Other terms of the credit agreement unchanged; no default or material adverse effect occurred.

## SEC filing metadata
- accession: 0000950103-23-005450
- form_type: 8-K
- ticker: VRSK
- cik: 0001442145
- company_name: Verisk Analytics, Inc.
- filed_at: 2023-04-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1442145/000095010323005450/0000950103-23-005450-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1442145/000095010323005450/dp191968_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-23-005450
- JSON: https://secwatch.observer/filing/0000950103-23-005450.json
- Plain text: https://secwatch.observer/filing/0000950103-23-005450.txt

## Key facts
- Material Agreements
  Verisk Analytics, Inc. amended Fifth Amendment with the lenders party thereto and Bank of America, N.A. as administrative agent (effective 2023-04-05).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: the lenders party thereto and Bank of America, N.A. as administrative agent
  - Effective: 2023-04-05
  source text: On April 5, 2023, Verisk Analytics, Inc. (the “Company”) entered into the Fifth Amendment to Second Amended and Restated Credit Agreement (the “Fifth Amendment”) which amends the Second Amended and Restated Credit Agreement dated as of April 22, 2015
  evidence_url: https://www.sec.gov/Archives/edgar/data/1442145/000095010323005450/0000950103-23-005450-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.