Roper Technologies to repay revolver debt with note offering proceeds

By Tali Rackner

Norfolk, Va., Nov. 30 – Roper Technologies, Inc. plans to repay outstanding borrowings under its senior revolving credit facility with the proceeds from two new senior note offerings, according to a 424B5 filing with the Securities and Exchange Commission.

Borrowings were used to finance the 2015 acquisitions of Strata Decision Technology LLC, SoftWriter Inc., Data Innovations LLC, On Center Software, Inc., RF IDeas, Inc., Atlantic Health Partners, LLC, Aderant Holdings Inc. and Atlas Database Software Corp.

The aggregate purchase price of these acquisitions was $1.8 billion.

The revolver matures on July 27, 2017.

Roper Technologies is a Sarasota, Fla.-based diversified technology company.

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