Blackstone Credit & Insurance Leads $1 Billion Financing to Support Combination of Analogic Corporation and Leidos’ Security Enterprise Solutions Businesses

NEW YORK – October 12, 2026 – Blackstone Credit & Insurance (“BXCI”) today announced that it is leading a $1 billion financing in support of the combination of Analogic Corporation (“Analogic”) with the Security Enterprise Solutions, Ports & Borders and Industrial Automation businesses of Leidos Holdings, Inc. (NYSE: LDOS) (“Leidos”). The combination creates a stronger global security imaging and detection company with broader capabilities, deeper customer relationships and greater scale to support customers across airports, ports, borders, critical infrastructure, and other mission-critical environments. The transaction closed earlier this month – https://www3.blackstone.com/e/1037233/utions-and-analogic-close-deal/5yd6dj/1467189984/h/eCB3Wy-Cx3wqIe45RaMZgnpSqtTFEbJTET7jCOZnIII.
“We are pleased to support the combined business with this financing solution to help create a scaled, integrated leader in security detection,” said Brad Colman, Global Head of Healthcare Investing and Sponsor Coverage for Private Credit Strategies in BXCI. “This transaction reflects our ability to provide large-scale, flexible capital to market-leading platforms.”
BXCI served as lead lender and joint lead arranger on the transaction, along with HPS, Bank of America, and Wells Fargo.