Overview
- Verisk said it ended its definitive agreement to acquire AccuLynx after being notified the FTC had not completed its review by the contractual termination date.
- The company will redeem $1.50 billion of senior notes issued for the deal at 101% of principal plus accrued and unpaid interest.
- The redemption is mandated by a special mandatory redemption provision in the notes.
- AccuLynx has told Verisk the termination is invalid, according to Verisk, which said it will vigorously defend its position.
- Verisk cited pro forma leverage of about 1.9x LTM adjusted EBITDA and $1.2 billion of remaining share repurchase capacity as of September 30, 2025, as CEO Lee Shavel reaffirmed capital allocation discipline.