Ancestry launches $375 million term loan at SOFR plus 400 bps

By Sara Rosenberg

New York, Dec. 11 – Ancestry.com (Arches Buyer Inc.) held a lender call at 2 p.m. ET on Monday to launch a non-fungible $375 million incremental term loan B due December 2027 (B1/B) that is talked at SOFR plus 400 basis points with an original issue discount of 98 to 98.5, according to a market source.

The incremental term loan has 101 soft call protection for six months, the source said.

BofA Securities Inc. is the left lead on the deal.

Commitments are due at 5 p.m. ET on Thursday, the source added.

Proceeds will be used with cash on hand to fund a shareholder distribution.

Ancestry.com is a Lehi, Utah-based provider of digital family history services and consumer genomics.

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