Team Services Seeks $1.38 Billion Amid Raft of Buyout Borrowings

Team Services Holding Inc. is seeking $1.38 billion of financing for its pending takeover, making it the latest firm in both the junk-bond and leveraged-loan markets for buyout-related funding.

Unveiled on Tuesday was a $750 million note that is set to price later this week, according to a person familiar with the matter who asked not to be identified. That came days after a $625 million loan was launched to also help fund the Blackstone home-health provider’s pending purchase by General Atlantic.

The bond-and-loan package is being marketed while BioMarin Pharmaceutical Inc. is seeking $2.85 billion of such borrowings to ...