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Verisk Analytics Amends $975MM Facility With Bank of America, Others

October 29, 2013, 07:11 AM
Filed Under: Specialty Industries

Verisk Analytics, Inc. has exercised an expansion feature under its revolving credit facility to increase the total facility to $975 million and extend the maturity until October 2018. Prior to this amendment, the facility totaled $850 million with a maturity date of October 2017. The maximum permitted Debt to EBITDA covenant remains at 3.50x. Lenders include Bank of America, JP Morgan Chase, Morgan Stanley and Wells Fargo.

For more detail, click here to view a recent SEC filing.

The committed facility is available for general corporate purposes, including the company’s acquisition program.

Verisk Analytics is a leading provider of information about risk to professionals in insurance, healthcare, financial services, government, and risk management.

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