Roper Industries Prices Public Offering of $500 Million Senior Unsecured Notes due 2019
August 26 2009 - 2:59PM
PR Newswire (US)
SARASOTA, Fla., Aug. 26 /PRNewswire-FirstCall/ -- Roper Industries,
Inc. (NYSE:ROP) announced today the pricing of its public offering
of $500 million of 6.25% Notes due 2019 (the "Notes"). The offering
is expected to close, subject to customary closing conditions, on
September 2, 2009. 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. Net proceeds from the sale of the
notes will be used for general corporate purposes and to repay
borrowings under Roper's senior unsecured credit facility. Banc of
America Securities LLC, J.P. Morgan Securities Inc. and Wells Fargo
Securities, LLC are serving as joint book-running managers for the
offering. Mitsubishi UFJ Securities (USA), Inc. and SunTrust
Robinson Humphrey, Inc. are serving as senior co-managers for the
offering. Full details of the offering, including a description of
the notes and certain risk factors related to the notes, are
contained in a preliminary prospectus supplement dated August 26,
2009 and related base shelf prospectus dated July 29, 2008
available through Banc of America Securities LLC, Prospectus
Department, 100 W. 33rd St., 3rd Floor, New York, New York, 10001,
e-mail: , telephone: 1-800-294-1322; J.P. Morgan Securities Inc.,
Investment Grade Syndicate Desk, 270 Park Ave. 8th Floor, New York,
New York, 10017, telephone: 212-834-4533 or fax: 212-834-6081; and
Wells Fargo Securities, LLC, Customer Information Center, Attn:
Syndicate Operations, 1525 West W.T. Harris Blvd., Charlotte, NC
28262-0675, telephone: 800-326-5897, e-mail: . This news release
does not constitute an offer to sell or a solicitation of an offer
to buy any of the Notes or any other securities, nor will there be
any sale of the Notes or any other securities in any state or
jurisdiction in which such an offer, solicitation or sale is not
permitted. 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/. The information provided in this press
release contains forward looking statements within the meaning of
the federal securities laws. These forward looking statements
include, among others, statements regarding operating results, the
success of our internal operating plans, and the prospects for
newly acquired businesses to be integrated and contribute to future
growth and profit expectations. Forward looking statements may be
indicated by words or phrases such as "anticipate," "estimate,"
"plans," "expects," "projects," "should," "will," "believes" or
"intends" and similar words and phrases. These statements reflect
management's current beliefs and are not guarantees of future
performance. They involve risks and uncertainties that could cause
actual results to differ materially from those contained in any
forward looking statement. Such risks and uncertainties include our
ability to integrate our acquisitions and realize expected
synergies. We also face other general risks, including our ability
to realize cost savings from our operating initiatives, general
economic conditions, unfavorable changes in foreign exchange rates,
difficulties associated with exports, risks associated with our
international operations, difficulties in making and integrating
acquisitions, risks associated with newly acquired businesses,
increased product liability and insurance costs, increased warranty
exposure, future competition, changes in the supply of, or price
for, parts and components, environmental compliance costs and
liabilities, risks and cost associated with asbestos related
litigation and potential write-offs of our substantial intangible
assets, and risks associated with obtaining governmental approvals
and maintaining regulatory compliance for new and existing
products. Important risks may be discussed in current and
subsequent filings with the SEC. You should not place undue
reliance on any forward looking statements. These statements speak
only as of the date they are made, and we undertake no obligation
to update publicly any of them in light of new information or
future events. DATASOURCE: Roper Industries, Inc. CONTACT: Investor
Relations, Roper Industries, +1-941-556-2601, Web Site:
http://www.roperind.com/
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