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Verisk Analytics to offer senior notes via two bookrunners
By Mary-Katherine Stinson
Lexington, Ky., March 2 – Verisk Analytics, Inc. is offering senior notes via BofA Securities Inc. and HSBC Securities (USA) Inc. as joint bookrunners, according to a 424B5 filing with the Securities and Exchange Commission.
The notes will have a make-whole call option and then will be redeemable at par.
Any change of control will make the notes putable at 101.
Wells Fargo Bank, NA will be the trustee.
Davis Polk & Wardwell LLP will act as legal counsel for the issuer, and Simpson Thacher & Bartlett LLP will advise the bookrunners.
Proceeds will be used for general corporate purposes, which are expected to include stock repurchases according to a stock repurchase authorization that became effective on the closing of the sale of Verisk’s energy business and the repayment of remaining amounts outstanding under the company’s syndicated revolving credit facility.
The data analytics provider is based in Jersey City, N.J.
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