Medical supply company Medline Industries is poised to get the largest leveraged buyout loan in eight years, according to data compiled by Bloomberg.
The dollar tranche of its takeover financing was just upsized for a second time, going to $7.27bn from $6bn originally. That would be the second-largest broadly syndicated dollar LBO loan — trailing only Heinz — since Bloomberg began tracking the data in 2013.
Free Webinar: Scaling up – Embarking on Digital Transformation in Private Equity
- How data analytics can create efficiencies within Private Equity
- The most beneficial ways for firms to digitise and what major risks that are involved
- How will digitisation affect the future of Private Equity
The Medline buyout is led by private equity firms Blackstone Group Inc., Carlyle Group Inc. and Hellman & Friedman LLC.
The loan, along with a euro tranche equal to $500 million, is expected to allocate Sept. 30. The company has also launched $7 billion in secured and unsecured notes to finance the deal.
Source: Yahoo Finance
Can’t stop reading? Read more
Clearlake Capital strengthens executive bench as it scales global investment platform
Clearlake Capital strengthens executive bench as it scales global investment platform Clearlake...
Croatia’s Prosperus Growth acquires Neos to anchor IT platform strategy
Croatia’s Prosperus Growth acquires Neos to anchor IT platform strategy Croatian private equity...
Alter Capital takes control of Wifit Gyms to accelerate Iberian expansion
Alter Capital takes control of Wifit Gyms to accelerate Iberian expansion Alter Capital Desarrollo...