NEW YORK (Standard&Poor's) June 21, 2011--Standard&Poor's Ratings Services said today that it has assigned its 'A+' issue-level rating to Danaher Corp.'s proposed $1.8 billion senior unsecured notes. The company will issue these notes, which have various maturities, under its WKSI ("well known seasoned issuer") shelf registration statement. Danaher expects to use the proceeds to finance a portion of the purchase price of its acquisition of Beckman Coulter Inc. These notes contain a change-of-control provision and a mandatory redemption provision if the acquisition is not completed by Dec. 31, 2011. The 'A+' rating and stable outlook on U.S.-based diversified industrial and medical equipment manufacturer Danaher Corp. reflect our view of the firm's business risk profile as strong.
