Davis Polk advised Verisk Analytics, Inc. on its SEC-registered offering of $900 million aggregate principal amount of 4.000% senior notes due 2025 and $350 million aggregate principal amount of 5.500% senior notes due 2045. Verisk intends to use the proceeds of the offering to partially finance its acquisition of Wood Mackenzie Limited.
Verisk is a leading provider of information about risk to professionals in insurance, health care, financial services, government, supply chain and risk management. In 2014, Verisk’s customers included all of the top 100 property and casualty insurance providers in the U.S. for the lines of property and casualty insurance services it offers, 29 of the top 30 credit card issuers in North America, the United Kingdom and Australia, as well as 9 of the top 10 health plan providers in the U.S.
Wood Mackenzie is a leading provider of industry standard commercial analytics for the global energy, chemicals and metals and mining industries. Headquartered in Edinburgh, Wood Mackenzie has a 40-plus year track record of providing objective analysis and advice on energy assets, companies and markets and has customers in over 80 countries around the world.
The Davis Polk corporate team included partner Richard J. Sandler and associates Yasin Keshvargar, Eric Xiyu Li and Eileen Juyon Park. The tax team included partner Michael Mollerus and associate Isaac MacDonald. Associate Jake H. Wang provided investment management act advice. All members of the Davis Polk team are based in the New York office.
Source: www.davispolk.com
