Ancestry Weighs $2.25 Billion Loan to Refinance 2027 Debt
Updated
Updated · Bloomberg · Jun 15
Ancestry Weighs $2.25 Billion Loan to Refinance 2027 Debt
2 articles · Updated · Bloomberg · Jun 15
Summary
$2.25 billion is the size of the loan Ancestry is considering with Bank of America to refinance existing borrowings, according to people familiar with the matter.
Bank of America has started sounding out investors in the U.S. leveraged loan market, signaling the potential refinancing is moving into early marketing discussions.
Ancestry faces almost $2 billion of term loans maturing in 2027, making the deal a preemptive effort to push out near-term debt deadlines.