Verisk pricing $1.25 billion of notes due 2025, 2045 for acquisition financing on Monday

By Aleesia Forni

Virginia Beach, May 11 – Verisk Analytics Inc. is expected to sell a $1.25 billion offering of 10- and 30-year senior notes (Baa3/BBB-/) on Monday, according to a market source and a 424B5 filed with the Securities and Exchange Commission.

The notes due 2025 are talked in the 200 basis points are over Treasuries, while the bonds due 2045 are talked in the 250 bps area over Treasuries.

The joint bookrunners are BofA Merrill Lynch, J.P. Morgan Securities LLC, SunTrust Robinson Humphrey Inc. and Wells Fargo Securities LLC.

The co-managers are Morgan Stanley & Co. LLC, RBS Securities Inc., TD Securities, HSBC Securities, RBC Capital Markets LLC, Williams Capital Group LP and Capital One Securities.

The offering is part of the financing of the company’s acquisition of H&F Nugent 1 Ltd., the indirect parent company of Wood Mackenzie Ltd.

The risk analysis and management company is based in Jersey City, N.J.

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