Aug 27 2009
Roper Industries, Inc. (NYSE: ROP) announced today the pricing of its public offering of $500 million of 6.25% Notes due 2019 (the "Notes"). The offering is expected to close, subject to customary closing conditions, on September 2, 2009.
The Notes will bear interest at the rate of 6.25% per year, and interest will be payable semi-annually on March 1 and September 1 of each year, beginning March 1, 2010. The Notes will mature on September 1, 2019.
Net proceeds from the sale of the notes will be used for general corporate purposes and to repay borrowings under Roper's senior unsecured credit facility.
Banc of America Securities LLC, J.P. Morgan Securities Inc. and Wells Fargo Securities, LLC are serving as joint book-running managers for the offering. Mitsubishi UFJ Securities (USA), Inc. and SunTrust Robinson Humphrey, Inc. are serving as senior co-managers for the offering.