Medline’s $6 Billion Loan Is Largest LBO Funding Deal Since 2018

The takeover of medical supply company Medline Industries Inc. is being funded by the largest leveraged buyout loan in three years, the latest sign of a hot U.S. market coming out of the pandemic.

The dollar tranche amounts to $6 billion, the most since Refinitiv’s $6.5 billion loan in 2018, according to data compiled by Bloomberg. If Medline completes the deal at that size, it would be the fourth-largest broadly syndicated dollar LBO loan since Bloomberg began tracking the data in 2013.

The buyout is led by private equity firms Blackstone Group Inc., Carlyle Group Inc. and Hellman & ...