Verisk Analytics Closes on $850 Million Revolving Credit Facility
Verisk Analytics, Inc. (Nasdaq: VRSK), a leading source of information about risk, announced today it has exercised an expansion feature under its revolving credit facility to increase the total facility to $850 million and extend the maturity until October 2017. The company also increased the maximum permitted Debt to EBITDA covenant to 3.50x from 3.25x. Prior to this amendment, the facility totaled $725 million with a maturity date of October 2016.
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