VERISK ANALYTICS, INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance…

Item 1.01 Entry into a Material Definitive Agreement.

On April 5, 2023, Verisk Analytics, Inc. (the "Company") entered into the FifthAmendment to Second Amended and Restated Credit Agreement (the "FifthAmendment") which amends the Second Amended and Restated Credit Agreement datedas of April 22, 2015 (as amended by the First Amendment dated as of July 24,2015, the Second Amendment dated as of May 26, 2016, the Third Amendment datedas of May 18, 2017 and the Fourth Amendment dated as of August 15, 2019, the"Existing Credit Agreement", and the Existing Credit Agreement as amended by theFifth Amendment, the "Amended Credit Agreement") among the Company, the lendersparty thereto and Bank of America, N.A. as administrative agent. The FifthAmendment provides for (i) an extension of the maturity date of the $1.0 billionrevolving credit facility under the Amended Credit Agreement to the date that isfive years after the date of the Fifth Amendment, (ii) implementation of "TermSOFR", "SOFR Daily Floating Rate" and "SONIA" as reference rates for borrowingsunder the Amended Credit Agreement, (iii) certain modifications to thedefinition of "Applicable Rate", among other things, to reflect reductions inthe unused commitment fee, (iv) changes to the financial covenant based on theconsolidated funded debt leverage ratio to increase the ratio level from3.50:1.00 to 3.75:1.00 and to allow for a one temporary step-up to 4.25:1.00 andone temporary step-up to 4.50:1.00 in connection with the closing of a permittedacquisition and (v) certain other modifications and updates to the ExistingCredit Agreement as further detailed in the Fifth Amendment. All borrowingsunder the Amended Credit Agreement shall continue to remain unsecured.

The foregoing description of the Fifth Amendment is qualified in its entirety byreference to the Fifth Amendment, which is annexed as Exhibit 10.1 and isincorporated by reference in its entirety.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an

The information contained in Item 1.01 of this Current Report on Form 8-K isincorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

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VERISK ANALYTICS, INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance...

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