Bankers Trust New York Corp. is arranging roughly $400 million of financing for Bain Capital Inc.'s purchase of Baxter International Inc.'s diagnostics business.

Baxter, based in Deerfield, Ill., announced Monday that it agreed to sell the diagnostics unit for $448 million, of which $400 million will be paid in cash.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.