Blackstone Credit & Insurance Leads $1 Billion Financing to Support Combination of Analogic Corporation and Leidos' Security Enterprise Solutions Businesses
Key Highlights
- ➤Blackstone Credit & Insurance leads $1 billion financing for Analogic-Leidos business combination
- ➤Combined company targets global security imaging and detection markets
- ➤Leidos contributes Security Enterprise Solutions, Ports & Borders, and Industrial Automation businesses
- ➤Transaction closed earlier this month
- ➤BXCI served as lead lender and joint lead arranger with HPS, Bank of America, and Wells Fargo
Expert Statements
Brad Colman, Global Head of Healthcare Investing and Sponsor Coverage for Private Credit Strategies at BXCI
“We are pleased to support the combined business with this financing solution to help create a scaled, integrated leader in security detection.”
Brad Colman, Global Head of Healthcare Investing and Sponsor Coverage for Private Credit Strategies at BXCI
“This transaction reflects our ability to provide large-scale, flexible capital to market-leading platforms.”
Blackstone Credit & Insurance Leads $1 Billion Financing to Support Combination of Analogic Corporation and Leidos' Security Enterprise Solutions Businesses
Blackstone Credit & Insurance ("BXCI") today announced that it is leading a $1 billion financing in support of the combination of Analogic Corporation ("Analogic") with the Security Enterprise Solutions, Ports & Borders and Industrial Automation businesses of Leidos Holdings, Inc. (NYSE: LDOS) (“Leidos”). The combination creates a stronger global security imaging and detection company with broader capabilities, deeper customer relationships and greater scale to support customers across airports, ports, borders, critical infrastructure, and other mission-critical environments. The transaction closed earlier this month –https://investors.leidos.com/news-releases/news-release-details/leidos-security-enterprise-solutions-and-analogic-close-deal .
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