Roper Technologies Inc.'s Proposed Senior Unsecured Notes Rated 'BBB' - S&P Global Ratings’ Credit Research

Roper Technologies Inc.'s Proposed Senior Unsecured Notes Rated 'BBB'

Roper Technologies Inc.'s Proposed Senior Unsecured Notes Rated 'BBB' - S&P Global Ratings’ Credit Research
Roper Technologies Inc.'s Proposed Senior Unsecured Notes Rated 'BBB'
Published Nov 30, 2015
3 pages (1211 words) — Published Nov 30, 2015
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About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Nov. 30, 2015--Standard&Poor's Ratings Services today assigned its 'BBB' issue-level rating to Roper Technologies Inc.'s proposed senior unsecured notes. We expect that the company will issue at least $750 million of notes in two tranches with different maturities (one in 2020 and the other in 2025). The company will use the proceeds from this issuance to help repay the debt it borrowed under its $1.85 billion unsecured revolving credit facility due 2017. In recent months, the company used its revolver to help fund its acquisitions of RF Ideas Inc., Atlantic Health Partners LLC, and Aderant Holdings Inc., among others. In addition, Roper increased the size of the facility by $350 million on Oct.

  
Brief Excerpt:

...NEW YORK (Standard & Poor's) Nov. 30, 2015--Standard & Poor's Ratings Services today assigned its '###' issue-level rating to Roper Technologies Inc.'s proposed senior unsecured notes. We expect that the company will issue at least $750 million of notes in two tranches with different maturities (one in 2020 and the other in 2025). The company will use the proceeds from this issuance to help repay the debt it borrowed under its $1.85 billion unsecured revolving credit facility due 2017. In recent months, the company used its revolver to help fund its acquisitions of RF Ideas Inc., Atlantic Health Partners LLC, and Aderant Holdings Inc., among others. In addition, Roper increased the size of the facility by $350 million on Oct. 28, 2015. Our ratings on Roper reflect our "satisfactory" assessment of its business risk profile and our "intermediate" assessment of its financial risk profile. While Roper's operations generate above average profitability, the company is acquisitive and debt-funded...

  
Report Type:

Ratings Action

Ticker
ROP
Issuer
Roper Technologies Inc.
GICS
Industrial Conglomerates (20105010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Roper Technologies Inc.'s Proposed Senior Unsecured Notes Rated 'BBB'" Nov 30, 2015. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Roper-Technologies-Inc-s-Proposed-Senior-Unsecured-Notes-Rated-BBB-1488359>
  
APA:
S&P Global Ratings’ Credit Research. (). Roper Technologies Inc.'s Proposed Senior Unsecured Notes Rated 'BBB' Nov 30, 2015. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Roper-Technologies-Inc-s-Proposed-Senior-Unsecured-Notes-Rated-BBB-1488359>
  
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