...August 19, 2024 NEW YORK (S&P Global Ratings) Aug. 19, 2024--S&P Global Ratings today assigned its '###+' issue-level rating to Sarasota, Fla.-based software and industrial products firm Roper Technologies Inc.'s proposed $2 billion of unsecured notes due 2029, 2032, and 2034. We expect the company will use the proceeds from these notes to paydown the outstanding borrowings on its revolving credit facility, repay its existing notes due 2024, and for general corporate purposes. Roper recently announced its acquisition of Transact Campus Inc., a campus software company that offers a comprehensive suite of services including campus ID software and secure access, tuition and fees software and payment processing, and point-of-sale campus commerce solutions. The company expect to pay about $1.5 billion for the acquisition, which includes a $100 million tax benefit, and anticipates it will contribute about $325 million of revenue and about $105 million of EBITDA in 2025. Roper expects to fund...
