We advised the lead arrangers and agents on the loan facilities

Davis Polk advised the joint lead arrangers, joint bookrunners and agents in connection with first-lien and second-lien credit facilities with an aggregate principal value of $12.25 billion in connection with the $18.3 billion acquisition by Blackstone and TPG of Hologic Inc.

The facilities consist of $9.5 billion of senior secured first-lien term loans, $2 billion of senior secured second-lien term loans and a $750 million senior secured first-lien revolving credit facility. The facilities are being used to fund the acquisition by Blackstone and TPG of Hologic and for other general corporate purposes.

Based in Bedford, Massachusetts, Hologic is a developer, manufacturer and supplier of premium diagnostics products, medical imaging systems and surgical products, with an emphasis on serving the healthcare needs of women.

Blackstone is one of the world’s leading investment firms. Blackstone’s $1.3 trillion in assets under management includes investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.

TPG is a private equity firm and leading global alternative asset manager with $303 billion in assets under management.

The Davis Polk finance team included partners Jason Kyrwood, Scott M. Herrig and Zachary R. Frimet, counsel Anthony Pitruzzello and Randall (Randy) Dorf and associates Catrell D. Jewel, David Waldman and Yao Li. Members of the Davis Polk team are based in the New York and Washington DC offices.

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