Roper Industries Announces Senior Subordinated Convertible Notes Due 2034 Accrue Contingent Cash Interest
July 13 2009 - 5:27PM
PR Newswire (US)
SARASOTA, Fla., July 13 /PRNewswire-FirstCall/ -- Roper Industries,
Inc. (NYSE:ROP) announced today that its Senior Subordinated
Convertible Notes due 2034 (CUSIP No. 776696AA4) (the "Notes") will
accrue contingent interest for the period of July 16, 2009 to
January 15, 2010 at an annual rate of 0.25% of the average market
price of the Notes for the five trading days ended July 13, 2009.
Contingent cash interest, which the Company has determined to be
approximately $0.66 per Note, will be payable to holders of the
Notes as of the record date of December 31, 2009, with such payment
expected to be made on January 15, 2010. Contingent interest will
not be payable with respect to any Note converted prior to the
January 15, 2010 interest payment date. About Roper Industries
Roper Industries is a market-driven, diversified growth company and
is a component of the Fortune 1000, S&P Midcap 400 and the
Russell 1000 Indexes. Roper provides engineered products and
solutions for global niche markets, including water, energy, radio
frequency and research/medical applications. Additional information
about Roper Industries is available on the Company's website at
http://www.roperind.com/. DATASOURCE: Roper Industries, Inc.
CONTACT: Investor Relations, +1-941-556-2601, Web Site:
http://www.roperind.com/
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