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Ripic Holdings gets $2.01 billion of term loans for buyout
By Sara Rosenberg
New York, Nov. 22 – Ripic Holdings incurred new funded debt of $2.012 billion through borrowings of term loans under new secured credit agreements, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.
Proceeds were used to help fund the acquisition of a 51% interest in Roper Technologies Inc.’s industrial businesses, Ripic Holdings, by Clayton, Dubilier & Rice LLC. Roper retained a 49% minority interest in the new stand-alone entity.
In prior filings with the SEC, the company said that UBS, RBC, BNP Paribas, BMO Capital Markets, Mizuho Bank and Natixis provided the debt commitment.
The acquisition closed on Tuesday.
The industrial businesses include Roper’s entire Process Technologies segment and the industrial businesses within its Measurement & Analytical Solutions segment.
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