Moody’s gives Danaher notes Baa1

Moody’s Investors Service said it assigned a Baa1 rating to the new dollar-denominated senior unsecured notes of DH Europe Finance II Sarl, an indirect and wholly owned subsidiary of Danaher Corp.

Danaher will fully and unconditionally guarantee the new notes.

Proceeds will be used in conjunction with added debt, equity and existing cash on hand to fund the roughly $21 billion acquisition of GE’s biologics business, which will be rebranded as Cytiva.

There is no change to Danaher’s long-term unsecured rating of A2 under review for downgrade, Moody’s said.

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