Wood Mackenzie plans new debt financing for buyout by Veritas

By Sara Rosenberg

New York, Oct. 31 – Wood Mackenzie has received a commitment for debt financing to help funds its acquisition by Veritas Capital from Verisk, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Other funds for the transaction will come from equity.

Under the agreement, Wood Mackenzie is being bought for $3.1 billion in cash consideration payable at closing plus future additional contingent consideration of up to $200 million.

Closing is expected in the first quarter of 2023, subject to customary conditions, including regulatory approvals.

Wood Mackenzie is a provider of data, analytics, and insights used to power the energy, renewables, and natural resources industry.

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