Deutsche Bank Launches $1.8 Billion Loan for Grant Thornton LBO

Debt arrangers led by Deutsche Bank AG have launched a $1.8 billion leveraged loan deal to support New Mountain Capital’s buyout of accounting firm Grant Thornton LLP.

A lender call has been penciled in for May 6 at 10 a.m. New York time, with commitments due on May 16 at 5 p.m., according to people familiar with the matter. Price talk is yet to be announced on the seven-year loan, the people said, asking not to be identified discussing a private matter.

Representatives for New Mountain and Grant Thornton didn’t immediately reply to requests for comment, while Deutsche ...