Blackstone Credit & Insurance leads $1 billion financing for Analogic-Leidos security business combination
BX•Blackstone Credit & Insurance led a $1 billion financing backing Analogic’s combination with Leidos’ Security Enterprise Solutions businesses. The transaction closed earlier this month.
1. Financing backs combination
Blackstone Credit & Insurance acted as lead lender, with HPS, Bank of America and Wells Fargo as joint lead arrangers. The combination is intended to create a larger security imaging and detection company serving airports, ports, borders and critical infrastructure.
