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Direct lenders are preparing a $9bn debt financing package in an attempt to compete with banks to back Blackstone and TPG’s bid for Hologic, according to 9fin sources.

The private credit package would include a roughly $9bn unitranche priced in the range of SOFR+475bps, the sources said. Lenders looking to provide the financing include Apollo, Blackstone Credit, Golub and HPS, they added.

Meanwhile, as a competing package, banks have lined up $10bn of financing split between first lien and second lien broadly syndicated loans. 9fin reported earlier this month on the potential structure of the deal. Sources familiar provided more detail on this separate BSL package, and added that the second lien portion would be $1bn in size, and priced in a range of SOFR+475bps to SOFR+500bps.

Hologic is a manufacturer and developer of women’s health diagnostic devices. Blackstone and TPG’s first $16bn bid for the company was rejected earlier this year. The firms reopened talks for a take-private in September.

Blackstone and TPG declined to comment. Apollo, Golub, Hologic and HPS did not respond to requests for comment.