Roper Technologies replaces $3.50 billion credit facility with new five-year facility
Roper entered a new five-year, $3.50 billion unsecured revolving credit facility dated March 30, 2026, and terminated its prior $3.50 billion facility from July 2022 in connection with it. The filing says $2.0 billion of principal was outstanding under the prior facility when it was terminated, so the change refinances existing borrowing on new terms rather than describing new draws. Shareholders may want to note the new facility's pricing, which is tied to Roper's credit rating, and its leverage covenant.
Key points
- New five-year unsecured revolving credit facility of $3.50 billion, dated March 30, 2026, with up to $150.0 million for letters of credit ($60.0 million committed).
- Based on the current rating, SOFR loans carry a 0.920% spread and the facility fee is 0.080% per annum.
- Prior facility terminated March 30, 2026, with $2.0 billion of principal outstanding at termination and about $6.2 million of letters of credit.
- Covenant requires a Total Debt to Total Capital Ratio of 0.65 to 1.00 or less; Roper may request up to $1.00 billion in additional term loans or commitments.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.