Roper Technologies Inc. priced an offering of $700 million in 3.650% senior notes due Sept. 15, 2023, and $800 million in 4.200% senior notes due Sept. 15, 2028.
The company said it will use net proceeds from the offering to repay all of its $500 million of outstanding 6.25% senior notes due 2019 and outstanding amounts under its 2016 unsecured credit facility, as well as for general corporate purposes. The offering is expected to close Aug. 28, subject to customary closing conditions.
J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc. and Wells Fargo Securities LLC are serving as joint book-running managers. Mizuho Securities USA LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC, SunTrust Robinson Humphrey Inc., TD Securities (USA) LLC, BB&T Capital Markets, a division of BB&T Securities LLC, RBC Capital Markets LLC and Regions Securities LLC are co-managers.