Ripic Holdings plans $2.25 billion credit facilities for buyout

By Sara Rosenberg

New York, June 2 – Ripic Holdings has received a commitment for $2.25 billion of credit facilities to help fund the acquisition of a 51% interest in Roper Technologies Inc.’s industrial businesses by Clayton, Dubilier & Rice LLC, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

UBS, RBC, BNP Paribas, BMO Capital Markets, Mizuho Bank and Natixis provided the debt commitment.

The credit facilities consist of a $300 million revolver and $1.95 billion of term loans.

Under the agreement, Roper will receive total upfront, pre-tax cash proceeds of about $2.6 billion while retaining a 49% minority interest in the new stand-alone entity.

The industrial businesses include Roper’s entire Process Technologies segment and the industrial businesses within its Measurement & Analytical Solutions segment.

Closing is expected by the end of the year, subject to customary conditions.

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