Roper Industries to repay revolver borrowings using notes proceeds

By Ashley Montgomery

Kansas City, Kan., Nov. 15 - Roper Industries, Inc. plans to use the proceeds from its offering of senior notes to repay borrowings under its revolving credit facility, according to a filing with the Securities and Exchange Commission.

The revolver matures on July 27, 2017.

The company said it used the borrowings to fund its acquisition of Sunquest Information Systems Inc. The purchase price was $1.4 billion, and the acquisition closed on Aug. 22.

Roper provides engineered products for niche markets, including water, energy, transportation, education, medical and information network industries. The company is based in Sarasota, Fla.

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