Verisk Analytics, Inc. Announces Tender Offer for up to $400 million Principal Amount of Outstanding Debt

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 that it has commenced a cash tender offer (the “Tender Offer”) for up to $400,000,000 aggregate principal amount, as may be increased or decreased by the Company (the “Maximum Amount”), of its 4.000% Senior Notes due 2025 (“Notes”). The Company expects to fund the repurchase of notes accepted for payment in the Tender Offer with the proceeds from the issuance and sale of debt securities in a concurrent capital markets transaction.

The Maximum Amount represents the aggregate principal amount of Notes subject to the Tender Offer. The Company expressly reserves the right, in its sole discretion, subject to applicable law, to increase or decrease the Maximum Amount, without extending withdrawal rights and/or terminate the Tender Offer at any time prior to the Expiration Date (as defined below). If Holders (as defined below) tender more Notes in the Tender Offer than they expect to be accepted for purchase by the Company based on the Maximum Amount and the Company subsequently accepts more than such Holders expected of such Notes tendered as a result of an increase of the Maximum Amount, such Holders will not be able to withdraw any of their previously tendered Notes. Accordingly, Holders should not tender any Notes that they do not wish to be accepted for purchase.

The Tender Offer is summarized in the table below:

Title of Notes	CUSIP / ISIN Number	Principal Amount Outstanding		Maximum Amount(1)		UST Reference Security	Bloomberg Reference Page(2)	Fixed Spread (bps)	Early Tender Payment(3)
4.000% Senior Notes due 2025	92345YAD8/US92345YAD85		$900,000,000		$400,000,000	2.875% UST due 6/15/2025	FIT4	20	$30

(1) The Maximum Amount of $400,000,000 represents the aggregate principal amount of Notes that will be purchased in the Tender Offer. The Company may increase or decrease the Maximum Amount as described in the Offer to Purchase (as defined below).