NEW YORK (S&P Global Ratings) May 1, 2025--S&P Global Ratings today assigned its ?B? issue-level rating and ?3? recovery rating to Grant Thornton Advisors LLC proposed $800 million first-lien term loan due 2031. The ?3? recovery rating indicates our expectation of meaningful (50%-70% rounded estimate: 50%) recovery in the event of a payment default. The company plans to use the proceeds from the proposed loan to complete several acquisitions, add cash to the balance sheet, and pay related transaction fees and expenses. Our ?B? issuer credit rating and stable outlook on the company?s parent, Turbo Global LP are unchanged, although we expect the proposed transaction will result in an increase in leverage within the next 12 months. We forecast S&P
