debt
confidence high
sentiment neutral
materiality 0.75
Verisk issues $1.5B notes and $750M term loan for AccuLynx acquisition
Verisk Analytics, Inc.
- $750M 4.500% notes due 2030 and $750M 5.125% notes due 2036 issued; proceeds with term loan and cash to fund AccuLynx acquisition.
- Term Credit Agreement provides $750M delayed draw facility; availability contingent on closing the acquisition.
- Third Amended and Restated Revolving Credit Facility increased to $1.25B ($1B prior) maturing August 2030.
- Notes require special mandatory redemption at 101% if AccuLynx deal not closed by January 5, 2026.
- Prior $1.5B bridge loan commitment terminated concurrently with note issuance.
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