Roper Industries Inc. (ROP) announced that it proposes to offer $350 million principal amount of its senior unsecured notes due 2013. The company noted that the net proceeds from the sale of the notes would be used to repay borrowings under its senior unsecured credit facility.
Banc of America Securities LLC, J.P. Morgan Securities Inc. and Wachovia Capital Markets, LLC are serving as joint book-running managers for the offering.
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