Verisk Analytics, Inc. 8-K

What Happened
Verisk Analytics, Inc. announced on Feb. 23–26, 2026 that it sold $1.0 billion of senior unsecured notes: $500 million of 4.450% Senior Notes due March 15, 2031 and $500 million of 5.125% Senior Notes due March 15, 2036. The notes were issued under a shelf registration and a seventh supplemental indenture dated Feb. 26, 2026; interest on both series is payable March 15 and September 15 each year beginning September 15, 2026.

Key Details

• Principal amounts and coupons: $500M 4.450% due 3/15/2031; $500M 5.125% due 3/15/2036.
• Redemption: make-whole redemptions allowed prior to 2/15/2031 (2031 notes) and 12/15/2035 (2036 notes); 100% redemption price plus accrued interest thereafter.
• Use of proceeds: to repay some or all of $500M outstanding under a 364-day term loan and $750M outstanding under the company’s revolver (amounts that, with $250M cash on hand, funded prepayments for accelerated share repurchases), and for general corporate purposes.
• Indenture limits: restrictions on incurring liens, sale-leaseback transactions, certain mergers or transfers of assets, and a change-of-control repurchase requirement.

Why It Matters
This offering replaces or reduces short-term bank borrowings used to fund recent share repurchase prepayments and shifts that funding into longer-term public debt. For investors, that can affect the company’s liquidity profile and debt maturity mix and will determine future interest expense and leverage trends. The indenture’s covenants also impose customary restrictions that investors should note when assessing Verisk’s financial flexibility.