2012-09-05 22:34:11 -
JERSEY CITY, N.J., September 5, 2012 (GLOBE NEWSWIRE) - Verisk Analytics, Inc.
(Nasdaq:VRSK), a leading source of information about risk, today announced the
pricing of an issuance of $350 million of 4.125% Senior Notes due 2022. The
closing of the offering is expected to occur on September 12, 2012, subject to
satisfaction of customary closing conditions. Verisk Analytics expects to use
the net proceeds for the repayment of a portion of the indebtedness under its
revolving credit facility, $380 million of which had been incurred to finance
the acquisition of Argus Information and Advisory Services, LLC on August
J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated
and Wells Fargo Securities, LLC acted as book-running managers for the offering.
SunTrust Robinson Humphrey, Inc. acted as lead manager;
and TD Securities (USA)
LLC and The Williams Capital Group, L.P. acted as co-managers.
The offering of these securities is made only by means of a prospectus. Copies
may be obtained by contacting J.P. Morgan Securities LLC, High Grade Syndicate
Desk, 383 Madison Avenue, New York, NY 10179, telephone: 212-834-4533, by
contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway,
7(th) Floor, New York, NY 10038, attention: Prospectus Department, telephone:
1-800-294-1322, or e-mail: firstname.lastname@example.org
, or by contacting
Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte,
North Carolina 28262, attention: Capital Markets Client Support, telephone:
1-800-326-5897, or e-mail: email@example.com
. The notes are being
offered pursuant to an effective shelf registration statement filed with the
Securities and Exchange Commission on March 29, 2011.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy any of the Notes, nor will there be any sale of the Notes in any
jurisdiction in which such offer, solicitation, or sale would be unlawful. Any
offer, solicitation, or sale of the Notes will be made only by means of the
prospectus supplement and the accompanying prospectus.
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading provider of information about risk
to professionals in insurance, healthcare, mortgage, government, supply chain,
and risk management. Using advanced technologies to collect and analyze billions
of records, Verisk Analytics draws on vast industry expertise and unique
proprietary data sets to provide predictive analytics and decision support
solutions in fraud prevention, actuarial science, insurance coverages, fire
protection, catastrophe and weather risk, data management, and many other
fields. In the United States and around the world, Verisk Analytics helps
customers protect people, property, and financial assets. For more information,
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Verisk Analytics, Inc., cautions that any forward-looking statements (as such
term is defined in the Private Securities Litigation Reform Act of 1995)
contained or referred to in this press release, deemed incorporated by reference
into this press release or made by our company or our management involve risks
and uncertainties and are subject to change based on various factors, many of
which are beyond our control. Accordingly, our future performance and financial
results may differ materially from those expressed or implied in any such
forward-looking statements. Words such as "estimate," "project,"
"believe," "expect," "anticipate," "intend,"
"planned," "potential," and similar
expressions may identify forward-looking statements. Risks associated with the
factors described under the heading "Item 1A. Risk Factors" in our annual report
on Form 10-K for the year ended December 31, 2011, among others, in some cases
have affected and in the future could affect our financial performance and
actual results and could cause actual results to differ materially from those
expressed or implied in any forward-looking statements included or referred to
in this press release, deemed incorporated by reference into this press release,
or otherwise made by our company or our management.
We are not under any obligation and do not intend to make publicly available any
update or other revisions to any of the forward-looking statements contained or
referred to in this press release, or deemed incorporated by reference into this
press release, to reflect circumstances existing after the date of this press
release or to reflect the occurrence of future events even if experience or
future events make it clear that any expected results expressed or implied by
those forward-looking statements will not be realized.
Media Investor Relations
Rich Tauberman Eva Huston
MWW Group (for Verisk Analytics) Treasurer and Head of Investor Relations
202-585-2282 Verisk Analytics, Inc.
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originality of the information contained therein.
Source: Verisk Analytics Inc. via Thomson Reuters ONE