Roper Industries to pay contingent interest on convertibles due 2034

By Angela McDaniels

Tacoma, Wash., July 15 - Roper Industries, Inc.'s senior subordinated convertible notes due 2034 will accrue contingent interest for the period beginning July 16, according to a company news release.

The interest payment, $1.29 per note, is expected to be paid on Jan. 16 to holders of record as of Dec. 31.

The total interest payment will be about $200,000.

As previously reported, the company was scheduled to pay $1.16 of interest per note on July 15. This is equal to 0.25% of the average market price of the notes on the five trading days ended Jan. 12.

Based in Sarasota, Fla., Roper provides engineered products and solutions for niche markets such as water, energy and medical.

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