Blackstone Credit & Insurance provides $1 billion private credit for Leidos‑Analogic security combination
Blackstone Credit & Insurance led a $1 billion private‑credit facility to fund the merger of Leidos Holdings' Security Enterprise Solutions, Ports & Borders and Industrial Automation businesses with Analogic Corporation. The financing was arranged together with HPS Investment Partners, Bank of America and Wells Warren, and closed in early October 2026. Leidos reported fiscal‑year revenue of about $17.2 billion for the year ended 2 January 2026.
Why it matters
The loan gives the combined security company immediate capital to integrate operations and pursue growth, while adding new senior debt to Leidos' balance sheet, which may affect its leverage ratios and credit metrics (the company noted in its press release).
Key facts
- 1The financing amount is $1 billion. gurufocus.com
- 2Blackstone Credit & Insurance acted as the primary lender and co‑lead arranger. pulse2.com
- 3HPS Investment Partners, Bank of America and Wells Warren were also joint lead arrangers. pulse2.com
- 4The transaction closed in early October 2026. pulse2.com
- 5Leidos reported annual revenue of approximately $17.2 billion for the fiscal year ended 2 January 2026. gurufocus.com
- 6Analogic is headquartered in Salem, New Hampshire. pulse2.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.