New Issue: Verisk Analytics prices $500 million of 3.625% 30-year notes at 230 bps spread

By Cristal Cody

Tupelo, Miss., May 8 – Verisk Analytics, Inc. (Baa2/BBB/BBB+) priced $500 million of 3.625% 30-year senior notes at a spread of Treasuries plus 230 basis points on Friday, according to a market source and an FWP filing with the Securities and Exchange Commission.

Initial price talk was in the 262.5 bps over Treasuries area.

The notes priced at 98.97 to yield 3.682%.

BofA Securities Inc., Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC were the bookrunners.

The data analytics provider is based in Jersey City, N.J.

Issuer:	Verisk Analytics, Inc.
Amount:	$500 million
Description:	Senior notes
Maturity:	May 15, 2050
Bookrunners:	BofA Securities Inc., Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC
Co-managers:	Credit Suisse Securities (USA) LLC, Siebert Williams Shank & Co., LLC and TD Securities (USA) LLC
Coupon:	3.625%
Price:	98.97
Yield:	3.682%
Spread:	Treasuries plus 230 bps
Call features:	Make-whole call before Nov. 15, 2049 at price equal to greater of par and Treasuries plus 35 bps; thereafter at par
Trade date:	May 8
Settlement date:	May 13
Ratings:	Moody’s: Baa2
	S&P: BBB
	Fitch: BBB+
Distribution:	SEC registered
Price guidance:	Treasuries plus 262.5 bps area

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