debt
confidence high
sentiment neutral
materiality 0.50
Verisk issues $500M of 5.750% Senior Notes due 2033
Verisk Analytics, Inc.
- Issued $500M of 5.750% Senior Notes due 2033; interest payable Apr 1 and Oct 1 starting Oct 1, 2023.
- Notes mature April 1, 2033; redeemable at make-whole price prior to Jan 1, 2033, then at par.
- Underwriting agreement with BofA Securities and HSBC Securities as underwriters.
- Indenture includes restrictions on liens, sale/leaseback, and change of control repurchase obligations.
- Offered under shelf registration statement on Form S-3 filed March 2020.