Roper Industries Announces Senior Subordinated Convertible Notes Due 2034 to Accrue Contingent Cash Interest
January 15 2010 - 3:00PM
PR Newswire (US)
SARASOTA, Fla., Jan. 15 /PRNewswire-FirstCall/ -- Roper Industries,
Inc. (NYSE:ROP) announced today that its Senior Subordinated
Convertible Notes due 2034 (CUSIP No. 776696AA4) (the "Notes") will
accrue contingent interest for the period of January 16, 2010 to
July 15, 2010 at an annual rate of 0.25% of the average market
price of the Notes for the five trading days ended July 13, 2010.
Contingent cash interest, which the Company has determined to be
approximately $0.81 per Note, will be payable to holders of the
Notes as of the record date of June 30, 2010, with such payment
expected to be made on July 15, 2010. Contingent interest will not
be payable with respect to any Note converted prior to the July 15,
2010 interest payment date. About Roper Industries Roper Industries
is a market-driven, diversified growth company and is a constituent
of the Fortune 1000, the Russell 1000 and the S&P 500 indices.
Roper provides engineered products and solutions for global niche
markets, including water, energy, radio frequency and
research/medical applications. DATASOURCE: Roper Industries, Inc.
CONTACT: Investor Relations: +1-941-556-2601, Web Site:
http://www.roperind.com/
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