Roper Technologies Announces Pricing for Public Offering of Senior Unsecured Notes
SARASOTA, Fla. — Roper Technologies, Inc. (Nasdaq: ROP) has revealed the pricing for its public offering, which includes $500 million in 4.500% Senior Notes due in 2029, $500 million in 4.750% Senior Notes due in 2032, and $1 billion in 4.900% Senior Notes due in 2034. The total amount for this offering is $2 billion, and it is expected to close pending standard closing conditions.
Offering Details for the Senior Notes
The notes due in 2029 will carry an annual interest rate of 4.500%, while those due in 2032 will yield 4.750%, and the 2034 notes will offer 4.900%. For the 2029 and 2034 notes, interest payments will be made semi-annually on April 15 and October 15, starting from April 15, 2025. The 2032 notes will pay interest on February 15 and August 15, beginning February 15, 2025. The maturity dates for these notes are set for October 15, 2029, February 15, 2032, and October 15, 2034. These notes are categorized as senior unsecured obligations of Roper Technologies.
Intended Use of Proceeds from the Offering
Roper Technologies plans to utilize the net proceeds from this offering for various strategic initiatives. This includes repaying a portion of its borrowings under a five-year unsecured credit facility, addressing obligations such as the 2.350% Senior Notes maturing in 2024, and supporting general corporate purposes, which may involve potential future acquisitions. Importantly, this offering is separate from the anticipated acquisition of Transact Campus, Inc., and will not affect the completion of the bond offering.
Management Team for the Offering
For this offering, BofA Securities, J.P. Morgan Securities, and Wells Fargo Securities are serving as the active joint book-running managers. Mizuho Securities, MUFG Securities, and Truist Securities will act as passive joint book-running managers for the 2029 and 2032 notes, while also co-managing the 2034 notes. Additionally, PNC Capital Markets, TD Securities, and U.S. Bancorp Investments are involved in co-managing responsibilities across the various notes, including the 2029, 2032, and 2034 notes.
Registration and Further Information
This offering is being conducted under an effective shelf registration statement and is accompanied by a preliminary prospectus supplement along with an earlier dated prospectus. Interested individuals can access documents related to this offering at no cost by visiting the SEC's EDGAR database or by reaching out to the respective banks mentioned in the announcement for further inquiries.
About Roper Technologies
Roper Technologies is a prominent entity within the Nasdaq 100, S&P 500, and Fortune 1000. The company is well-known for its strong history of generating cash flow and delivering shareholder value. Roper operates leading businesses that provide software solutions and technology-driven products across various specialized markets. The company is committed to a disciplined approach to redeploying capital for strategic acquisitions. For more information about Roper, visit their website at www.ropertech.com.
Contact Information
Investor Relations
941-556-2601
investor-relations@ropertech.com
Frequently Asked Questions
1. What is the purpose of the Senior Notes offering by Roper Technologies?
The Senior Notes offering is primarily aimed at repaying outstanding borrowings, fulfilling general corporate purposes, and facilitating strategic acquisitions.
2. When will the interest payments be made for the Senior Notes?
Interest payments for the 2029 and 2034 notes will be made semi-annually on April 15 and October 15, while the 2032 notes will pay interest on February 15 and August 15.
3. Who are the managers of this bond offering?
BofA Securities, J.P. Morgan Securities, and Wells Fargo Securities are the active joint book-running managers for this bond offering.
4. Are the proceeds from the offering contingent on completing the acquisition of Transact Campus?
No, the offering is not conditioned upon the completion of the Transact Campus acquisition.
5. What is Roper Technologies' track record in the market?
Roper Technologies has a long-standing reputation for compounding cash flow and enhancing shareholder value while operating in diverse and profitable niche markets.
