Verisk Analytics, Inc. Prices Offering of Senior Notes

JERSEY CITY, N.J., May 21, 2024 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq: VRSK) (“Verisk” or the “Company”), a leading global data analytics and technology provider, today announced the pricing of an offering of $600 million of 5.250% Senior Notes due 2034 (the “Notes”). The closing of the offering is expected to occur on June 5, 2024, subject to satisfaction of customary closing conditions.

The Company intends to use a portion of the net proceeds of this offering to fund the purchase of the Company’s outstanding 4.000% Notes due 2025 (the “2025 Notes”) accepted pursuant to the tender offer (the “Tender Offer”) to purchase for cash up to $400,000,000 aggregate principal amount of the 2025 Notes and the payment of related fees and expenses. The Company intends to use the remaining net proceeds not applied in the Tender Offer for general corporate purposes. The Tender Offer is conditioned upon, among other things, the completion of the offering of the Notes; however, the closing of the offering of the Notes is not conditioned on the consummation of the Tender Offer.

BofA Securities, Inc. and HSBC Securities (USA) Inc. are acting as joint book-running managers for the offering.

The offering of these securities is made only by means of a prospectus. Copies may be obtained by contacting BofA Securities, Inc., One Bryant Park, New York, NY 10036 Attn: Prospectus Department, e-mail [e-mail]; or HSBC Securities (USA) Inc., 66 Hudson Boulevard, New York, NY 10001 at 1-866-811-8049. The Notes are being offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission on March 24, 2023.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes, nor will there be any sale of the Notes in any jurisdiction in which such offer, solicitation, or sale would be unlawful. Any offer, solicitation or sale of the Notes will be made only by means of the prospectus supplement and the accompanying prospectus.

About Verisk

Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, ESG and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong.