0001193125-26-138072
SEC filingRoper 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.
Roper Technologies refinanced its existing $3.50 billion unsecured credit facility from July 2022 with an identical-sized five-year revolving facility effective March 30, 2026. The prior facility had $2.0 billion in outstanding principal and approximately $6.2 million in letters of credit at termination. The new agreement maintains the same commitment size but updates the lender syndicate, with JPMorgan Chase Bank, N.A. as administrative agent and others as syndication and documentation agents. Interest pricing is tied to Roper's senior unsecured debt rating, with current spreads reflecting 0.920% over Term SOFR for SOFR loans, 0% over ABR, a 0.920% letter of credit fee, and a low 0.080% facility fee on total commitments. The facility supports operational flexibility with options for incremental commitments up to $1 billion, foreign subsidiary borrowers (guaranteed by Roper), and prepayment without penalty. The sole financial covenant limits total debt to 65% of total capital, providing ample headroom for the company's investment-grade profile. This rollover maintains liquidity access on competitive terms amid ongoing commercial relationships with lenders.