What is the size and term of Roper's new credit facility?

The new Credit Agreement is a five-year $3.50 billion unsecured revolving credit facility, dated March 30, 2026, with up to $150.0 million available for letters of credit, of which $60.0 million shall be committed.

How much debt was outstanding under the prior facility when it was terminated?

As of the termination date, $2.0 billion of principal was outstanding under the prior credit agreement, and approximately $6.2 million of letters of credit were outstanding.

How does the cost of borrowing under the new facility depend on Roper's credit rating?

Pricing is determined by Roper's senior unsecured long-term debt rating. Term SOFR loans carry a spread ranging from 0.795% to 1.300%, and the current spread is 0.920%. ABR loans range from 0.000% to 0.300%, currently 0.000%. The facility fee on the revolving credit facility is currently 0.080% per annum based on the current rating.

Are there covenants or prepayment restrictions under the new facility?

The Credit Agreement requires a Total Debt to Total Capital Ratio of 0.65 to 1.00 or less. Borrowings may be prepaid at any time in whole or in part without premium or penalty, and amounts may be accelerated upon customary events of default.

ROP 8-K: Material Agreements & Financial Events

01—Abstract

Summary

Summary of the 8-K filed April 1, 2026. Cited figures are marked; the original filing is the authoritative source.

Roper Technologies, Inc. entered into a new five-year unsecured credit facility dated March 30, 2026 (the "Credit Agreement"), which replaces its existing $3.50 billion^a unsecured credit facility dated July 21, 2022.

The new facility comprises a five-year $3.50 billion revolving credit facility, with up to $150.0 million^b available for letters of credit, of which $60.0 million shall be committed. The Company may also, subject to specified conditions, request additional term loans or revolving credit commitments in an aggregate amount not to exceed $1.00 billion. JPMorgan Chase Bank, N.A. serves as administrative agent, with Bank of America, N.A. and Wells Fargo Bank, National Association as syndication agents.

The facility's pricing is tied to Roper's senior unsecured long-term debt rating. Based on the current rating, term SOFR loans would bear a spread of 0.920%^c, ABR loans a spread of 0.000%, letters of credit a quarterly fee of 0.920% per annum plus a 0.125% fronting fee, and the facility fee would accrue at 0.080% per annum. The Credit Agreement requires a Total Debt to Total Capital Ratio of 0.65 to 1.00 or less, and borrowings are prepayable at any time without premium or penalty.

Roper may add foreign subsidiaries as borrowers, guaranteeing their obligations, but the Company's own obligations are not guaranteed by its subsidiaries. In connection with entering the new facility, Roper terminated its prior credit agreement, under which $2.0 billion^d of principal was outstanding and approximately $6.2 million of letters of credit were outstanding as of the termination date. The filing is primarily a refinancing and amendment of the Company's core liquidity backstop, with the terms of the new agreement set out in Exhibit 10.1.

02—Key points

Key Highlights

New five-year, $3.50 billion unsecured revolving credit facility dated March 30, 2026, replacing the prior $3.50 billion facility dated July 21, 2022.
Accordion feature allows Roper to request additional term loans or revolving commitments up to $1.00 billion, subject to specified conditions.
Letter of credit sublimit of up to $150.0 million, of which $60.0 million shall be committed.
Current pricing based on Roper's senior unsecured long-term debt rating: term SOFR spread of 0.920% and ABR spread of 0.000%, with a facility fee of 0.080% per annum.
Financial covenant requires a Total Debt to Total Capital Ratio of 0.65 to 1.00 or less.
Prior credit facility terminated with $2.0 billion of principal outstanding and approximately $6.2 million of letters of credit outstanding as of termination.
Borrowings are prepayable at Roper's option in whole or in part without premium or penalty; foreign subsidiary borrowers may be added with the Company guaranteeing their obligations.

03—Questions

Frequently Asked Questions

What is the size and term of Roper's new credit facility?
The new Credit Agreement is a five-year $3.50 billion unsecured revolving credit facility, dated March 30, 2026, with up to $150.0 million available for letters of credit, of which $60.0 million shall be committed.
Does the new facility increase Roper's borrowing capacity beyond $3.50 billion?
Roper may, subject to specified conditions, request additional term loans or revolving credit commitments in an aggregate amount not to exceed $1.00 billion under the Credit Agreement.
How much debt was outstanding under the prior facility when it was terminated?
As of the termination date, $2.0 billion of principal was outstanding under the prior credit agreement, and approximately $6.2 million of letters of credit were outstanding.
How does the cost of borrowing under the new facility depend on Roper's credit rating?
Pricing is determined by Roper's senior unsecured long-term debt rating. Term SOFR loans carry a spread ranging from 0.795% to 1.300%, and the current spread is 0.920%. ABR loans range from 0.000% to 0.300%, currently 0.000%. The facility fee on the revolving credit facility is currently 0.080% per annum based on the current rating.
Are there covenants or prepayment restrictions under the new facility?
The Credit Agreement requires a Total Debt to Total Capital Ratio of 0.65 to 1.00 or less. Borrowings may be prepaid at any time in whole or in part without premium or penalty, and amounts may be accelerated upon customary events of default.

04—Continue

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