Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
August 19 2019 - 4:59PM
Edgar (US Regulatory)
Filed pursuant to Rule 433
Registration
No. 333-228532
Issuer Free Writing Prospectus dated August 19, 2019
Relating to Preliminary Prospectus Supplement dated August 19, 2019
ROPER TECHNOLOGIES, INC.
PRICING TERM SHEET
August 19, 2019
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Issuer:
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Roper Technologies, Inc.
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Trade Date:
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August 19, 2019
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Settlement Date (T+5)*:
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August 26, 2019
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Ratings (Moody’s/S&P)**:
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Baa2/BBB+ (Stable/Stable)
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Senior Notes due 2024
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Securities:
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Senior Notes due 2024 (“2024 Notes”)
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Principal Amount:
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$500,000,000
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Maturity Date:
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September 15, 2024
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Benchmark Treasury:
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UST 1.750% due July 31, 2024
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Benchmark Treasury Price and Yield:
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101-10
3
⁄
4
/ 1.469%
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Spread to Benchmark Treasury:
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T + 92 basis points
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Yield to Maturity:
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2.389%
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Price to Public:
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99.815% of the principal amount
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Coupon:
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2.350%
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Interest Payment Dates:
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March 15 and September 15, beginning March 15, 2020
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Optional Redemption:
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At any time prior to August 15, 2024, at Treasury plus 15 basis points; at any time on or after August 15, 2024, at par; plus, in each case, accrued interest to but excluding the redemption date
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CUSIP# / ISIN#:
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776743 AH9 / US776743AH99
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Senior Notes due 2029
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Securities:
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Senior Notes due 2029 (“2029 Notes”)
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Principal Amount:
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$700,000,000
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Maturity Date:
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September 15, 2029
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Benchmark Treasury:
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UST 1.625% due August 15, 2029
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Benchmark Treasury Price and Yield:
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100-06 / 1.605%
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Spread to Benchmark Treasury:
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T + 137 basis points
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Yield to Maturity:
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2.975%
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Price to Public:
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99.783% of the principal amount
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Coupon:
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2.950%
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Interest Payment Dates:
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March 15 and September 15, beginning March 15, 2020
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Optional Redemption:
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At any time prior to June 15, 2029, at Treasury plus 25 basis points; at any time on or after June 15, 2029, at par; plus, in each case, accrued interest to but excluding the redemption date
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CUSIP# / ISIN#:
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776743 AG1 / US776743AG17
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Joint Book-Running Managers:
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BofA Securities, Inc.
J.P. Morgan Securities
LLC
Wells Fargo Securities, LLC
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Co-Managers:
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Mizuho Securities USA LLC
MUFG Securities
Americas Inc.
PNC Capital Markets LLC
SunTrust Robinson
Humphrey, Inc.
TD Securities (USA) LLC
BB&T Capital
Markets, a division of BB&T Securities, LLC
RBC Capital Markets, LLC
Regions Securities LLC
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*We expect that delivery of the notes will be made against payment therefor on or about the settlement date specified above,
which will be the fifth business day following the date of this term sheet. Under Rule 15c6 -1 of the Securities and Exchange Commission (“SEC”) under the Securities Exchange Act of 1934, trades in the secondary market generally are
required to settle in two business days unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes on the date of this term sheet or the following two business days will be required, by virtue
of the fact that the notes initially will settle in T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to trade the notes on the date of this term sheet or on
the following two business days should consult their own advisor.
**A securities rating is not a recommendation to buy, sell or hold securities
and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) and a preliminary
prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the issuer has filed
with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus and prospectus supplement if you request it by calling BofA Securities, Inc. at
1-800-294-1322,
J.P. Morgan Securities LLC collect at 1-212-834-4533, or Wells
Fargo Securities, LLC at 1-800-645-3751.
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