Abbott Inks 2025’s Largest Bridge Loan to Fund Acquisition

An Abbott Nutrition distribution center in Columbus, Ohio.

Photographer: Bing Guan/Bloomberg

Abbott Laboratories has teed up the largest high-grade bridge loan this year — a $20 billion facility from Morgan Stanley — to fund its acquisition of Exact Sciences Corp.

The facility is for 364 days, according to people with knowledge of the transaction who asked not to be identified. It’s one of the largest sole committed financings of the past decade.