Goldman Sachs' Eric Sheridan talks tech stocks seeing worst trading day in four months
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Business Upturn
22 minutes ago
- Business Upturn
Verisk Analytics, Inc. Prices Offering of Senior Notes
JERSEY CITY, N.J., Aug. 07, 2025 (GLOBE NEWSWIRE) — Verisk Analytics, Inc. (Nasdaq: VRSK) ('Verisk' or the 'Company'), a leading global data analytics and technology provider, today announced the pricing of an offering of $750 million of 4.500% Senior Notes due 2030 (the '2030 Notes') and $750 million of 5.125% Senior Notes due 2036 (the '2036 Notes' and, together with the 2030 Notes, the 'Notes'). The closing of the offering is expected to occur on August 21, 2025, subject to satisfaction of customary closing conditions. The Company intends to use the net proceeds of this offering, together with the borrowings under its senior unsecured three-year delayed draw term loan facility that it expects to enter into and cash on hand, to finance the approximately $2.35 billion purchase price for the acquisition of AccuLynx (the 'Acquisition'). The sale of the Notes is not conditioned upon the consummation of the Acquisition, which, if completed, will occur subsequent to the closing of the sale of the Notes. Goldman Sachs & Co. LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering. The Notes are being offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission on March 24, 2023. The offering of the Notes is made only by means of a prospectus supplement and accompanying prospectus. Copies may be obtained by contacting Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282, Attn: Prospectus Department, e-mail [email protected]; BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department, e-mail [email protected]; or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn: WFS Customer Service, e-mail [email protected]. 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 Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. Forward-Looking Statements This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. For example, statements regarding the expected closing of the offering, the expected use of proceeds from the offering and the consummation of the Acquisition are forward-looking. In some cases, you can identify forward-looking statements by the use of words such as 'may,' 'could,' 'expect,' 'intend,' 'plan,' 'target,' 'seek,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'potential,' or 'continue' or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements, because they involve known and unknown risks, uncertainties, and other factors that are, in some cases, beyond the Company's control and that could materially affect actual results, levels of activity, performance, or achievements. Other factors that could materially affect actual results, levels of activity, performance, or achievements can be found in the Company's quarterly reports on Form 10-Q, annual reports on Form 10-K, and current reports on Form 8-K filed with the Securities and Exchange Commission. If any of these risks or uncertainties materialize or if the Company's underlying assumptions prove to be incorrect, actual results may vary significantly from what the Company projected. Any forward-looking statement in this release reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to the Company's operations, results of operations, growth strategy, and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise except as required by law. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
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This 'potent combination' will continue to power Big Tech stocks
Big Tech stocks have driven a lot of the stock market's gains over the last few years. But Barclays head of US equity strategy Venu Krishna is still positive on the sector, saying there is a "potent combination" that will continue to drive tech stocks higher. Find out what it is in the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Yahoo
Big Tech's colossal capex spending could be offsetting the impact of tariffs
President Donald Trump's tariffs continue to cast uncertainty over financial markets. Meanwhile, many leading tech companies have reported strong earnings and spending growth. Some experts speculate that this could help offset the impact of the tariffs. President Donald Trump's newest round of tariffs has taken effect as trade tensions continue to escalate. Each round has complicated the economic landscape and raised uncertainty, especially as some companies struggle under the weight of these policies. However, many leading tech companies have made it clear that they don't intend to scale back their spending. Amazon, Apple, Google, Microsoft, and Meta Platforms all increased their capex guidance for 2025. As one expert sees it, this could be exactly what helps offset the impact of Trump's tariffs. "These mega-cap tech companies haven't just powered the S&P 500's rebound and pushed the NASDAQ to new highs since the post-Liberation Day lows," wrote Larry Adam, CIO of Raymond James, in a note on Wednesday. "They've also helped offset the drag from tariffs and tight Fed policy through massive capital spending." Adam isn't the only one who sees this as a distinct possibility. Eugenia Mykuliak, founder and executive director of B2Prime, highlighted the importance of Big Tech's spending spree for the broader economy. "Although it seems to be a different story from tariffs, these companies help the economy by creating jobs and keeping stock markets strong," she said. She credited the tech sector's growth with helping soften the blows dealt to the market by Trump's ongoing tariffs and the Federal Reserve's ongoing refusal to cut interest rates. Kroll managing director Carla Nunes also predicts that the high AI and data center spending from mega-cap tech leaders will likely mitigate the effects of tariffs. However, she also noted that she doesn't believe it will offset the impact of other economic trends. "The impacts of tariffs on real economic activity will take some time to be fully reflected in economic data, so the longer-term impact needs to be interpreted with caution," Nunes stated. Read the original article on Business Insider Sign in to access your portfolio
