New Issue: Verisk Analytics sells $200 million more 4.125% notes due 2029 at 122 bps spread

By Rebecca Melvin

New York, Sept. 6 – Verisk Analytics, Inc. (Baa2/BBB/BBB+) priced a $200 million add-on to its 4.125% senior notes due March 15, 2029 on Friday at 110.904 to yield 2.78%, or a spread over Treasuries plus 122 basis points, according to an FWP filing with the Securities and Exchange Commission.

The original $400 million deal priced on Feb. 27, 2019.

Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, BofA Securities Inc. and HSBC Securities (USA) LLC were the bookrunners of the additional notes.

The data analytics provider is based in Jersey City, N.J.

Issuer:	Verisk Analytics, Inc.
Amount:	$200 million add-on
Description:	Senior notes
Maturity:	March 15, 2029
Bookrunners:	Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, BofA Securities Inc. and HSBC Securities (USA) LLC
Coupon:	4.125%
Price:	110.904
Yield:	2.78%
Spread:	Treasuries plus 122 bps
Call features:	Make-whole call before Dec. 15, 2028 at price equal to greater of par and Treasuries plus 25 bps; thereafter at par
Trade date:	Sept. 6
Settlement date:	Sept. 16
Ratings:	Moody’s: Baa2
	S&P: BBB
	Fitch: BBB+
Distribution:	SEC registered
Total deal size:	$600 million, including $400 million priced on Feb. 27, 2019

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