Moody's rates Pall notes Baa1

Moody's Investors Service said it assigned a Baa1 rating to Pall Corp.'s new $325 million of 10-year senior unsecured notes offering.

At the same time, Moody's said it assigned a provisional Baa1 to Pall's new well-known seasoned issuer senior unsecured shelf and affirmed its existing Baa1 senior unsecured rating.

The outlook is stable.

Pall intends to use net proceeds from this transaction to redeem its outstanding $280 million senior notes due 2012 and for general corporate purposes, the agency added.

Pall's rating considers its leading global market position offering a portfolio of sophisticated filtration, separation and purification products that are sold into diverse life science and industrial end-markets, Moody's said.

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