Verisk ($VRSK) sold $500M 4.450% notes due 3/15/2031 and $500M 5.125% notes due 3/15/2036 via underwriting…
Filed with the SEC on · Summarized by InvestorsBot
Verisk ($VRSK) sold $500M 4.450% notes due 3/15/2031 and $500M 5.125% notes due 3/15/2036 via underwriting led by BofA & Wells Fargo; issuance documented by 7th supplemental indenture with Computershare (Feb 23/26, 2026). 🏦📄 #Debt #Bonds
Net proceeds will repay some/all $500M 364‑day term loan and $750M revolver borrowings (these + $250M cash funded prior ASR prepayments); remainder for general corporate purposes — extends maturities, trims short‑term bank debt. $VRSK 💵 #Refinancing #CapitalMarkets
Notes pay semiannual interest starting 9/15/2026. Make‑whole redemptions allowed pre‑call (to 2/15/2031 for 2031 notes; to 12/15/2035 for 2036 notes); thereafter redeemable at 100% + accrued interest. Indenture limits liens, sale‑leasebacks, M&A and includes change‑of‑control repurchase rights. $VRSK 🔒 #Bonds #Covenants