...NEW YORK (S&P Global Ratings) Aug. 14, 2018--S&P Global Ratings today assigned its '###+' issue-level rating to Sarasota, Fla.-based software and industrial products firm Roper Technologies Inc.'s proposed senior unsecured notes. We expect that the company will issue at least $1.5 billion of notes in two tranches with different maturities (one in 2023 and the other in 2028). The company will use the proceeds from the issuance to refinance its $500 million senior unsecured notes due 2019 (including make-whole provision) and to repay borrowings under its $2.5 billion unsecured revolving credit facility due September 2021. With roughly $4.9 billion of revenue during the 12 months ended June 30, 2018, Roper Technologies Inc. is a globally diversified maker of software and engineered products for a variety of end markets including health care, transportation, food, energy, water, education, and research. Our issuer credit rating on Roper reflects its strong profitability, with adjusted EBITDA...
