Roper Industries To Offer $500M Notes Due 2019

SARASOTA, Fla. (AP) — Roper Industries Inc., which makes engineered products for water and energy companies, on Wednesday said it is offering $500 million of 6.25 percent notes due 2019.

The offering is expected to close on Sept. 2, and proceeds will be used to pay off debt and for general corporate purposes.

The notes will bear interest at the rate of 6.25 per year and interest will be payable semiannually on March 1 and September 1 each year beginning in 2010.

Banc of America Securities LLC, J.P. Morgan Securities Inc. and Wells Fargo Securities LLC are serving as joint book-running managers for the offering.

Shares of Roper Industries rose 58 cents to close Wednesday at $47.61.