Amgen’s $28.5 Billion Loan Among Biggest M&A Deals in Two Years

Amgen Inc. secured a $28.5 billion bridge loan to fund its purchase of Horizon Therapeutics Plc, joining ranks with Broadcom Inc. and AT&T Inc. in receiving some of the biggest debt commitments for mergers and acquisitions in nearly two years.

The deal tops Kroger Co.’s $17.4 billion bridge loan to back its mega merger with Albertsons Cos. as the second-largest such financing in the investment-grade world this year. And it comes third only to AT&T and Broadcom in the biggest deals since May 2021 when AT&T signed onto a $45.1 billion bridge loan for its spinoff company with Discovery Inc. ...