Simpson Thacher recently represented the underwriters, led by BofA Securities and HSBC, in connection with a public offering by Verisk Analytics, Inc. (“Verisk”) of $600 million aggregate principal amount of 5.250% Senior Notes due 2034.
Simpson Thacher also represented BofA Securities as dealer manager in connection with Verisk’s concurrent tender offer to purchase for cash of $400 million aggregate principal amount of its 4.000% Senior Notes due 2025 (the “2025 Notes”).
Verisk is a leading data, analytics, and technology provider serving customers in the insurance ecosystem. The company intends to use the net proceeds of the notes offering to fund the purchase of the 2025 Notes accepted pursuant to the tender offer and the payment of related accrued and unpaid interest, premiums, fees and expenses, and for general corporate purposes.
The Simpson Thacher team for the transactions included Mark Brod, Neil Patel and Emily Anne Owen (Capital Markets); Jonathan Cantor and Matthew Lester (Tax); Paige Brinton (IP); and Jennie Getsin (FINRA and Blue Sky).