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Banks Funding Medline Buyout Seek to Offload $7.8 Billion Debt

  • Co. launched two bridge facilities to syndicate to investors
  • Banks involved include Goldman Sachs, JPMorgan Chase & Co.

The banks funding the biggest leveraged buyout since the financial crisis for Medline Industries Inc. are looking to offload $7.8 billion in debt financing to investors.

The company launched syndication for a $3.8 billion secured bridge facility and a $4 billion unsecured bridge facility, according to people familiar with the plan who asked to not be named discussing a private transaction. A lender call for the loan deals is set for 10 a.m. in New York on Thursday.