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Sarasota, Florida, December 1, 2015 … Roper Technologies, Inc. (NYSE: ROP) announced today the pricing of its public offering of $600 million of 3.000% Notes due 2020 (the “2020 notes”) and $300 million of 3.850% Notes due 2025 (the “2025 notes” and, together with the 2020 notes, the “notes”). The offering is expected to close, subject to customary closing conditions, on December 7, 2015.
The 2020 notes will bear interest at the rate of 3.000% per year and the 2025 notes will bear interest at the rate of 3.850% per year. Interest on the notes will be payable semi-annually on June 15 and December 15 of each year, beginning June 15, 2016. The 2020 notes will mature on December 15, 2020 and the 2025 notes will mature on December 15, 2025.
Net proceeds from the sale of the notes will be used to repay borrowings under Roper's senior unsecured revolving credit facility.
J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC and Mitsubishi UFJ Securities (USA), Inc. are serving as joint book-running managers for the offering. Barclays Capital Inc., Mizuho Securities USA Inc. and SunTrust Robinson Humphrey, Inc. are serving as co-managers for the offering.
The offering is being made pursuant to an effective shelf registration statement, and only by means of a preliminary prospectus supplement dated November 30, 2015 and accompanying prospectus dated November 24, 2015. Full details of the offering, including a description of the notes and certain risk factors related to the notes, are contained in the preliminary prospectus supplement and the accompanying prospectus. Copies of these documents may be obtained by contacting J. P. Morgan Securities LLC, 383 Madison Avenue, New York, New York, 10179, Attention: Investment Grade Syndicate Desk - 3rd Floor, telephone: 1-212-834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Floor, New York, New York 10038, Attention: Prospectus Department, telephone: 1-800-294-1322, Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, Attention: Capital Markets Client Support, telephone: 1-800-645-3751 or Mitsubishi UFJ Securities (USA), Inc., 1221 Avenue of the Americas, 6th Floor, New York, New York, 10020-100, telephone: 1-877-649-6848.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the notes or any other securities, nor will there be any sale of the notes or any other securities in any state or jurisdiction in which such an offer, solicitation or sale is not permitted.
About Roper Technologies
Roper Technologies is a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets worldwide.
The information provided in this press release contains forward looking statements within the meaning of the federal securities laws. These forward looking statements include, among others, statements regarding the closing of the offering and the use of proceeds therefrom. Forward looking statements may be indicated by words or phrases such as "anticipate," "estimate," "plans," "expects," "projects," "should," "will," "believes" or "intends" and similar words and phrases. These statements reflect management's current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward looking statement. Such risks and uncertainties include our ability to integrate our acquisitions and realize expected synergies. We also face other general risks, including our ability to realize cost savings from our operating initiatives, general economic conditions, unfavorable changes in foreign exchange rates, difficulties associated with exports, risks associated with our international operations, difficulties in making and integrating acquisitions, risks associated with newly acquired businesses, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, environmental compliance costs and liabilities, risks and cost associated with asbestos related litigation and potential write-offs of our substantial intangible assets, and risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the Securities and Exchange Commission. You should not place undue reliance on any forward looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
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