August 27, 2009 (FinancialWire) — Roper Industries, Inc. (NYSE: ROP) has priced a public offering of $500 million of 6.25% notes due 2019. Banc of America Securities (NYSE: BAC), J.P. Morgan Securities (NYSE: JPM) and Wells Fargo Securities (NYSE: WFC) are serving as joint book-running managers.

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.

Roper plans to use the net proceeds for general corporate purposes and to repay borrowings under its senior unsecured credit facility.

The offering is scheduled to close on September 2, 2009.

Sarasota, Florida-based Roper Industries provides engineered products and solutions for global niche markets, including water, energy, radio frequency and research/medical applications.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.