Roper Technologies prices $2 billion in senior notes offering

SARASOTA, Fla. - Roper Technologies, Inc. (NASDAQ:ROP), a $57.67 billion market cap technology company with a GOOD financial health rating according to InvestingPro, has priced a $2 billion public offering of senior notes across three tranches with different maturities, the company announced Thursday.

The offering consists of $500 million of 4.250% Senior Notes due 2028, $500 million of 4.450% Senior Notes due 2030, and $1 billion of 5.100% Senior Notes due 2035. Interest on all notes will be payable semi-annually beginning March 15, 2026.

According to the press release statement, Roper plans to use the proceeds to repay a portion of borrowings under its five-year unsecured credit facility, retire outstanding Senior Notes due in September and December 2025, and for general corporate purposes, including potential acquisitions.

The offering, expected to close on August 12, 2025, is being led by multiple financial institutions including BofA Securities, J.P. Morgan Securities, and Wells Fargo Securities as active joint book-running managers.

Roper Technologies is a constituent of the Nasdaq 100 and S&P 500, operating businesses that design and develop vertical software and technology-enabled products for various niche markets.

The notes will be senior unsecured obligations of the company, and the offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.

In other recent news, Roper Industries has seen its stock price targets raised by two analyst firms following its second-quarter results. RBC Capital increased its target to $703, highlighting a modest operating beat and an upward revision in the company’s 2025 guidance. Truist Securities also raised its target to $685, noting a 7% total organic growth, with the Application Software segment growing by 6% and Tech-Enabled Products by 9%. Additionally, Aderant has signed an agreement to acquire legal technology assets from HerculesAI, aiming to boost its AI capabilities. This acquisition is expected to enhance Aderant’s AI-powered virtual associate, MADDI, improving billing compliance and decision intelligence. Meanwhile, DAT Freight & Analytics announced plans to acquire the Convoy Platform from Flexport, which will add automation and digital freight-matching technology to its offerings. In leadership news, Frontline Education appointed Joel Sackett as its new Chief Product Officer, bringing nearly two decades of experience in product leadership.

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