Recent News Articles

Ancestry.com Wraps Up $2.8 Billion Debt Sale as Issuance Slows

23 Nov 2020 11:41 AM | Anonymous

An article in Bloomberg News says that the "Blackstone Group Inc. is looking to sell $2.8 billion of debt for its buyout of Ancestry.com Inc. this holiday-shortened week, while just a handful of investment-grade borrowers are expected to come forward.

"Marketing for Ancestry’s $1 billion high yield portion ends Monday, while commitments on its $1.8 billion leveraged loan are due the same day. Ancestry is the sole deal currently slated to price in high-yield, but it follows the busiest week for issuance in about two months with about $15.7 billion sold, according to data compiled by Bloomberg."

You can read more at: https://yhoo.it/33aKubW.


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