Common Stock Offering and New Credit Facility Completed

16.12.2004

Roper Industries, Inc. announced that it has completed the previously announced acquisition of TransCore Holdings, Inc. TransCore is a provider of technologies and related services in areas such as radio frequency identification (RFID), ...

...satellite-based communication, mobile asset tracking, security applications and comprehensive toll system and processing services.

Roper also announced that it completed a public offering of 5 million shares of its common stock for gross proceeds of $300.5 million. The Company granted the underwriters an option to purchase up to 750,000 of additional shares to cover over-allotments. Roper also completed a $1,055.0 million amended and restated senior secured credit facility consisting of a $655.0 million five-year term loan and a currently undrawn $400.0 million five-year revolving credit facility. The credit facility will initially be priced at LIBOR plus 125 basis points.

Roper used the proceeds from the common stock offering, together with existing cash balances and borrowings under its amended and restated senior secured credit facility, to fund the acquisition, repay its existing credit facility and pay related fees and expenses.

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OPW Acquires ISO Liquid Tank Container Product Line from Girard Equipment to Enhance Offering in Key Regions

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OPW announced that is has acquired the ISO Liquid Tank Container product line from Girard Equipment, Inc., of Vero Beach, FL. Going forward, OPW will manufacture the ISO Liquid Tank Container product line at OPW’s facility in Lianyungang City, Jiangsu Province, China, with emphasis on increasing OPW’s presence and product portfolio in the Asia-Pacific, Latin American and European regions.

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