debt
confidence high
sentiment neutral
materiality 0.65
Verisk extends $125M term loan by one year; adds $275M revolver available Oct 3, 2022
Verisk Analytics, Inc.
- Extended maturity of $125M term loan from March 2022 by one year.
- Added 364-day $275M revolving credit facility, available from Oct 3, 2022.
- Borrowings remain unsecured; proceeds for general corporate purposes.
- No drawings on revolver as of closing on Sept 9, 2022.
- Bank of America serves as administrative agent and initial lender.