Verisk Analytics boosts credit facility to $850M
JERSEY CITY, N.J. (AP) — Verisk Analytics Inc. said Friday that it exercised an expansion feature under its revolving credit facility to increase its total facility to $850 million and extend its maturity until October 2017.
The facility previously totaled $725 million and had a maturity date of October 2016. The facility is available for general corporate purposes, including acquisitions, the company said.
Jersey City, N.J.-based Verisk helps companies analyze risks in several industries, including insurance, healthcare and real estate, as well as government.
Its shares were off 5 cents to $47.76 in afternoon trading.