Banks Launch $2.1 Billion Loan for CD&R’s LBO of Presidio Stake

A group of banks led by JPMorgan Chase & Co. launched a $2.1 billion leveraged-loan deal to help finance Clayton Dubilier & Rice’s planned purchase of a majority stake in tech-services firm Presidio Inc.

Price talk for the financing is as much as four percentage points above the Secured Overnight Financing Rate, offered at a discount of 99 cents on the dollar, according to a person familiar with the matter who asked not to be identified discussing a private matter.

CD&R announced the proposed Presidio stake purchase from BC Partners, which will maintain partial ownership, on April 2. It’s ...