Monitor for any changes in Verisk's credit rating, as the new debt issuance could impact leverage ratios. The refinancing of share repurchase funding suggests continued commitment to capital returns, but investors should assess whether the new fixed-rate debt improves or worsens the company's interest cost profile compared to the previous facilities.
Price Chart
Executive Summary
Verisk Analytics is issuing $1 billion in senior notes ($500 million due 2031 at 4.450% and $500 million due 2036 at 5.125%) to refinance existing credit facilities used for share repurchases. The offering is being underwritten by BofA Securities, Wells Fargo Securities, and others.
Key Facts
- Verisk is issuing $500 million in 4.450% Senior Notes due 2031 and $500 million in 5.125% Senior Notes due 2036
- Proceeds will be used to repay $500 million under a 364-day term loan and $750 million under a revolving credit facility, which funded accelerated share repurchase agreements
- The offering is being underwritten by BofA Securities, Wells Fargo Securities, Goldman Sachs, Morgan Stanley, and others
- The notes are being issued under an existing shelf registration and are subject to standard restrictive covenants
Financial Impact
The company is taking on $1 billion in new debt at fixed rates of 4.450% (2031) and 5.125% (2036) to refinance existing floating-rate credit facilities. This refinancing will lock in interest costs but increases long-term debt obligations.
Risk Factors
- Increased long-term debt obligations could pressure future cash flows
- Potential for higher interest costs if current rates are lower than the fixed rates on the new notes
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-074420 |
| Document: d838184dex41.htm | 0001193125-26-074420 |
| Document: d838184d8k.htm | 0001193125-26-074420 |
| Document: d838184dex51.htm | 0001193125-26-074420 |
| Document: 0001193125-26-074420-index-headers.html | 0001193125-26-074420 |
| Document: 0001193125-26-074420-index.html | 0001193125-26-074420 |
| Document: 0001193125-26-074420.txt | 0001193125-26-074420 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 4w ago | Press Release | $194.35 $177.99 | ▼ −8.42% | ▼ −8.50% | $164.87 (−15.17%) |
Sep 1, 2026 4w ago | Press Release | $194.35 $177.99 | ▼ −8.42% | ▼ −8.50% | $164.87 (−15.17%) |
Aug 18, 2026 6w ago | 8-K | $186.45 $187.87 | ▲ +0.76% | ▲ +1.15% | $164.87 (−11.57%) |
Aug 7, 2026 8w ago | Court Ruling | $191.82 $181.67 | ▲ +5.29% | ▲ +5.69% | $164.87 (+14.05%) |
Aug 3, 2026 8w ago | Insider Cluster | $193.11 $181.18 | ▼ −6.18% | ▼ −8.21% | $164.87 (−14.62%) |
Jul 31, 2026 9w ago | Insider Cluster | $194.85 $191.82 | ▼ −1.55% | ▼ −5.07% | $164.87 (−15.39%) |
Jul 29, 2026 9w ago | 8-K | $213.15 $188.75 | ▼ −11.45% | ▼ −16.98% | $164.87 (−22.65%) |
Jul 29, 2026 9w ago | Press Release | $213.15 $188.75 | ▼ −11.45% | ▼ −16.98% | $164.87 (−22.65%) |
Jul 21, 2026 10w ago | Institutional Cluster | $195.25 $206.66 | ▲ +5.84% | ▲ +7.07% | $164.87 (−15.56%) |
Jun 9, 2026 16w ago | 144 | $183.13 $179.61 | ▼ −1.92% | ▼ −5.35% | $164.87 (−9.97%) |
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