Davis Polk advised Roper Technologies, Inc. in connection with a $350 million upsize to existing unsecured revolving credit facility. The facility, as amended, now comprises a five-year $1.85 billion revolving credit facility, which includes availability of up to $150 million for letters of credit and $25 million for swingline loans, and of which $50 million is available to certain foreign subsidiary borrowers in dollars and other currencies through a multicurrency subfacility.

Roper is a diversified technology company and operates businesses that design and develop software and engineered products and solutions for a variety of niche end markets, including health care, transportation, food, energy, water, education and academic research. Incorporated in 1981, Roper is headquartered in Sarasota, Florida, and had 10,137 employees and 122 principal locations around the world as of December 31, 2014.

The Davis Polk credit team included partner Kenneth J. Steinberg and associate Kimberly (KyungEun) Won. Associate Brantley Hawkins provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

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