Roper convertibles due 2034 to accrue contingent interest into July

By Jennifer Chiou

New York, Jan. 15 - Roper Industries, Inc. announced that its senior subordinated convertible notes due 2034 will accrue contingent interest for the period beginning Jan. 16 and ending July 15.

The contingent interest payment will be about $0.81 per note. The estimated annual rate is equal to 0.25% of the average market price of the convertibles for the five trading days ending July 13.

The contingent interest will not be payable for any notes converted prior to the July 15 interest payment date.

Roper is a Sarasota, Fla.-based provider of engineered products for niche markets including water, energy, radio frequency and research/medical applications.

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