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."
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