Verisk ends AccuLynx acquisition after FTC fails to complete review; to redeem $1.5B in notes

Verisk Analytics, Inc.

Verisk terminated the AccuLynx merger agreement because FTC did not complete its review by the Dec 26, 2025 deadline.
AccuLynx disputes termination validity; Verisk says it will 'vigorously defend' against the assertion.
Verisk will redeem $1.5B senior notes (4.5% 2030 and 5.125% 2036 notes) at 101% of principal plus accrued interest on Jan 6, 2026.
Pro forma leverage at Sept 30, 2025 was 1.9x LTM adjusted EBITDA; $1.2B share repurchase capacity remains.
The $750M Term Facility associated with the acquisition automatically terminated on Dec 26, 2025.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Verisk Analytics, Inc. terminated Term Credit Agreement with Bank of America N.A., as administrative agent, and the lenders party thereto valued at $750,000,000 (effective 2025-12-26).

Action: termination
Agreement: credit facility
Counterparty: Bank of America N.A., as administrative agent, and the lenders party thereto
Value: $750,000,000
Effective: 2025-12-26

Exact text from the filing

Term Facility Termination As previously reported on August 15, 2025 the Company entered into a Term Credit Agreement (the “Term Credit Agreement”), among the Company, the lenders party thereto and Bank of America N.A., as administrative agent.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Verisk Analytics, Inc. terminated Agreement and Plan of Merger with ExactLogix, Inc. and Richard Spanton, Jr., as Equityholders' Representative (effective 2025-12-26).

Action: termination
Agreement: merger
Counterparty: ExactLogix, Inc. and Richard Spanton, Jr., as Equityholders' Representative
Effective: 2025-12-26

Exact text from the filing

On December 26, 2025, the Company delivered a notice to ExactLogix and the Equityholders’ Representative terminating the Merger Agreement because the Merger was not consummated on or before December 26, 2025.

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Verisk Analytics, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-332544

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