Verisk Analytics Prices $1.5 Billion Senior Notes Offering to Finance AccuLynx Acquisition

Verisk Analytics has priced a $750 million offering of 4.500% Senior Notes due 2030 and $750 million of 5.125% Senior Notes due 2036. The proceeds will finance the $2.35 billion acquisition of AccuLynx. The sale of the notes is not dependent on the acquisition's completion, which is expected to occur after the notes' closing.

Verisk Analytics, Inc. has priced a $1.5 billion offering of senior notes to finance its acquisition of AccuLynx. The company announced the pricing of $750 million of 4.500% Senior Notes due 2030 and $750 million of 5.125% Senior Notes due 2036 [1]. The closing of the offering is expected to occur on August 21, 2025, subject to customary closing conditions [1].

The proceeds from the senior notes will be used, along with existing cash and a new loan facility, to finance the approximately $2.35 billion purchase price for the acquisition of AccuLynx [1]. Notably, the sale of the notes is not contingent upon the completion of the acquisition, providing Verisk with financial flexibility and reducing risk [1].

Goldman Sachs & Co. LLC, BofA Securities, Inc., and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering [1]. The notes are being offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission on March 24, 2023 [1].

Verisk Analytics is a leading global data analytics and technology provider to the insurance industry. The acquisition of AccuLynx aligns with Verisk's goal of strengthening its position as a data analytics and technology partner in the insurance industry [1].

While the offering enhances Verisk's financial capacity to facilitate strategic acquisitions, it also raises concerns about financial leverage and long-term solvency due to the significant debt issuance [1]. The fact that the sale of the notes is not conditioned upon the consummation of the acquisition may imply uncertainty regarding the deal's completion and the company's financial health [1].

References:
[1] https://www.quiverquant.com/news/Verisk+Analytics+Announces+Pricing+of+%241.5+Billion+Senior+Notes+Offering+to+Finance+AccuLynx+Acquisition