Deutsche Bank Pitches Debt for Blackstone Citrin Cooperman Deal

Deutsche Bank AG is sounding out investors for $775 million in debt financing to support Blackstone Inc.’s acquisition of professional services firm Citrin Cooperman Advisors, according to people with knowledge of the talks.

The German bank has started pre-marketing the first-lien financing to investors in the broadly syndicated loan market, said the people, who asked not to be identified discussing a private matter. Early pricing discussions on the loan are between 3 and 3.25 percentage points above the benchmark rate, the people said.

The discussions are ongoing and plans could change, the people added.

Representatives for Deutsche Bank ...