Blackstone Credit leads $1B financing for Analogic-Leidos merger

Blackstone Credit & Insurance (BXCI) is leading a $1 billion financing package to support the combination of Analogic Corporation with the Security Enterprise Solutions, Ports & Borders, and Industrial Automation businesses of Leidos Holdings (NYSE: LDOS), according to a press release.

The transaction closed earlier this month. The combined entity operates in security imaging and detection, serving airports, ports, borders, and critical infrastructure markets.

BXCI served as lead lender and joint lead arranger on the financing, alongside HPS, Bank of America, and Wells Fargo.

Brad Colman, Global Head of Healthcare Investing and Sponsor Coverage for Private Credit Strategies at BXCI, said: "This transaction reflects our ability to provide large-scale, flexible capital to market-leading platforms."

Analogic is headquartered in Salem, New Hampshire, and provides imaging, detection, automation, and power technology solutions. Leidos, headquartered in Reston, Virginia, reported annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026, and employs approximately 50,000 people globally.

You May Also Be Interested In

• The Blackstone Group (BX) PT Lowered to $130 at BMO Capital
• StoneX Reiterates Buy Rating on Bending Spoons (BSP)
• SentinelOne and Lenovo expand ThinkShield with AI governance tools