Simpson Thacher Represents Underwriters in $500 Million Notes Offering by Verisk Analytics
05.14.20
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Simpson Thacher represented the underwriters, led by BofA Securities and Morgan Stanley, in connection with a public offering by Verisk Analytics, Inc. (“Verisk”) of $500 million aggregate principal amount of 3.625% Senior Notes due 2050. The offering closed May 13, 2020.
Verisk is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services. The company intends to use the net proceeds of this offering for general corporate purposes, which includes the repayment of amounts under its revolving credit facility.
The Simpson Thacher team for the transaction included Mark Brod and Camilla Johnson (Capital Markets); Jonathan Cantor and Zachary Fialkow (Tax); Melanie Jolson (IP); and Jennie Getsin (FINRA and Blue Sky).