Verisk Analytics, Inc. (VRSK) 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.
The committed facility is available for general corporate purposes, including the company`s acquisition program.
About Verisk Analytics: Verisk Analytics (VRSK) is a leading provider of information about risk to professionals in insurance, healthcare, financial services, government, and risk management.
Source: Yahoo Finance