Verisk Analytics priced a $1 billion senior notes offering on February 23, 2026, issuing two tranches: $500 million of 4.450% notes due 2031 and $500 million of 5.125% notes due 2036. The offering is expected to close on February 26, 2026, subject to customary closing conditions.
The proceeds will be used to repay a $500 million term loan and a $750 million revolving credit facility that had funded accelerated share repurchase agreements, and for general corporate purposes. The transaction is being executed under a shelf registration statement filed with the SEC on March 24, 2023, and is being underwritten by BofA Securities, Wells Fargo Securities, Goldman Sachs, and Morgan Stanley.
The refinancing follows Verisk’s strong Q4 2025 earnings, where revenue rose 5.9% year‑over‑year to $779 million and full‑year 2025 revenue reached $3.073 billion, up 6.6% from the prior year. Adjusted EBITDA margins expanded to 56.1% in Q4, driven by higher mix of high‑margin underwriting and claims analytics services and disciplined cost management.
Management highlighted that the debt offering supports the company’s capital allocation strategy, which includes a $1.5 billion accelerated share repurchase program and an 11% dividend increase to $2.00 per share. CFO Elizabeth Mann noted that the company expects Q1 2026 revenue to be a trough due to divestitures, but remains confident in maintaining profitability through cost control and continued demand for AI‑enabled analytics.
By replacing short‑term borrowings with longer‑dated notes, Verisk reduces refinancing risk and preserves liquidity for future growth initiatives. The move also aligns with the company’s broader portfolio strategy, which recently saw the termination of a planned $2.35 billion AccuLynx acquisition and the sale of Verisk Marketing Solutions, allowing the firm to focus on core data‑analytics and technology services for the global insurance industry.
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