8-K - Roper Technologies, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Roper Technologies entered a new $3.50 billion five-year revolving credit facility on March 30, 2026, replacing its prior facility with $2.0 billion outstanding principal and $6.2 million in letters of credit.

Key Takeaways

1Entered $3.50B five-year unsecured revolving credit facility, including up to $150M letters of credit ($60M committed).

2Replaced prior $3.50B facility dated July 21, 2022, terminated March 30, 2026 with $2.0B principal outstanding.

3Current SOFR loan spread 0.920%, ABR spread 0.000%, facility fee 0.080% per annum.

4Covenant requires Total Debt to Total Capital Ratio ≤ 0.65:1.00.

5Option to add up to $1.00B incremental commitments and foreign subsidiary borrowers.

6Prepayable without premium or penalty.

Current Report Details

Event Type

Material Agreement

Financing

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

and not defined herein have the meanings ascribed to them in the Credit Agreement. The Company will have the right to add foreign subsidiaries as borrowers unde

Material Agreement

Source Document

1.02

| Termination of a Material Definitive Agreement. | |---|---| In connection with its entry into the Credit Agreement, on March 30, 2026, Roper terminated its fi

Material Agreement

$2.00B$6.2M

Source Document

2.03

. | Item 9.01 | Financial Statements and Exhibits. | |---|---| (d) Exhibits . 10.1: 104 | Credit Agreement dated as of March 30, 2026, among Roper Technologies,

Financing

Transaction Details

Material Agreement

Agreement: Credit Agreement
Parties: Roper Technologies, Inc., JPMorgan Chase Bank, N.A. (administrative agent), Bank of America, N.A., Wells Fargo Bank, National Association (syndication agents), PNC Bank, National Association, Truist Bank, U.S Bank National Association, The Huntington National Bank, Royal Bank of Canada, The Toronto-Dominion Bank, New York Branch, MUFG Bank, Ltd. (documentation agents)

•Five-year $3.50 billion revolving credit facility
•Up to $150.0 million letters of credit ($60.0 million committed)
•Additional commitments up to $1.00 billion
•Term SOFR spread 0.795%-1.300% (current 0.920%)
•ABR spread 0.000%-0.300% (current 0.000%)
•Letter of credit fee 0.920% (current), fronting fee 0.125%
•Facility fee 0.080% (current)
•Total Debt to Total Capital Ratio ≤ 0.65:1.00
•Prepayable without premium or penalty

Debt / Financing

Instrument: Unsecured revolving credit facility
Principal: 3.50 billion
Rate: Term SOFR + 0.795%-1.300% (current 0.920%); ABR + 0.000%-0.300% (current 0.000%)
Maturity: Five years from March 30, 2026

Exhibits (2)

10.1

EX-10.1

8-K