Archive · 21 Nov 2025
Abbott Secures $20B Bridge Loan for Exact Sciences Acquisition
Abbott Laboratories has borrowed $20 billion from Morgan Stanley to buy Exact Sciences Corp.
This is a big loan, one of the largest this year, and it's only for a year.
Abbott thinks it can keep its good credit rating after the purchase.
They might have trouble finding another big loan later because many other companies are also looking for loans right now.
Abbott Laboratories has secured a $20 billion bridge loan from Morgan Stanley
The loan is the largest high-grade bridge loan of 2025 and one of the largest sole committed financings in the past decade
The loan will fund Abbott's acquisition of Exact Sciences Corp.
Abbott expects to maintain an investment-grade rating post-acquisition
The loan is for 364 days, with Abbott competing for long-term financing in a crowded market
- Who
- Abbott Laboratories
- What
- Secured a $20 billion bridge loan
- When
- 2025
- Where
- Not specified
- Why
- To fund the acquisition of Exact Sciences Corp.
- Lender
- Morgan Stanley
- Loan Type
- Bridge loan
- Loan Term
- 364 days
- Purpose
- Exact Sciences Corp. acquisition