Key Developments – $700 Million Senior Notes Offering
1. Underwritten Public Offering of Senior Notes
Issuer: Verisk Analytics, Inc.
Underwriters:
BofA Securities, Inc.
HSBC Securities (USA) Inc.
Principal Amount: $700 million
Coupon Rate: 5.250%
Maturity Date: March 15, 2035
Interest Payments: Semi-annual (March 15 & September 15), starting September 15, 2025
2. Redemption Terms
Before December 15, 2034:
✅ "Make-whole" redemption price applies.
On or after December 15, 2034:
✅ Redeemable at 100% of principal amount plus accrued interest.
3. Key Restrictions & Covenants
The Indenture (Base + Fifth Supplemental) includes:
✔ Restrictions on incurring liens & sale-leaseback transactions.
✔ Limitations on mergers, consolidations, or asset transfers.
✔ Repurchase requirement upon a change of control event.

4. Strategic Implications
✅ Locks in long-term financing at a fixed 5.250% interest rate.
✅ Enhances financial flexibility while maintaining a strong credit profile.
✅ Potentially supports future growth initiatives or debt refinancing.