Wall Street Banks Kick Off $7 Billion Loan Sale Tied to Hologic Buyout

A group of banks has kicked off a roughly $7 billion leveraged loan sale to help fund the buyout of medical-device maker Hologic Inc., one of the biggest acquisition financings expected to hit the market in the coming months for junk-rated borrowers.

The offering is split between US dollar and euro-denominated term loans, and will offer a glimpse into demand for around $65 billion of buyout loans that banks underwrote late last year and will look to sell to institutional investors.