New York, June 10, 2015 -- Moody's Investors Service assigned a Caa1 rating to Alere, Inc.'s (Alere) proposed offering of $425 million of senior subordinated notes. Moody's understands that the proceeds of the offering will be used to refinance the existing 8.625% Senior Subordinated Notes due 2018 and pay related tender costs and accrued interest, fees and expenses. The transaction is credit positive because it extends the maturity profile and improves liquidity, but Alere's B2 Corporate Family Rating and B2-PD Probability of Default Rating remain unchanged given Moody's expectation that credit metrics will not be meaningfully impacted by this transaction. The rating outlook remains stable.

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