Citigroup (C), Barclays (BCS), and Bank of America (BAC) are arranging $12.25 billion in debt to back Blackstone (BX) and TPG's (TPG) $18.3 billion takeover of Hologic (HOLX), Bloomberg reported, citing people familiar.

The package includes $9.5 billion in first-lien term loans, $2 billion in second-lien debt, and a $750 million revolver. Citigroup will lead the dollar tranche, Barclays and BofA the euro piece, and RBC Capital Markets the second-lien, the report said.

Abu Dhabi Investment Authority and GIC Pte will take minority stakes in Hologic, whose sale isn't contingent on financing, filings show, according to the report.

Representatives for Blackstone, TPG, Citigroup, Barclays, Bank of America, RBC Capital Markets, Hologic, the Abu Dhabi Investment Authority, and GIC did not immediately respond to MT Newswires' request for comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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