Ancestry.com Inc. (ACOM:US), the world’s largest family-history website, is seeking $720 million of loans to back its buyout by Permira Advisers LLP, according to a person with knowledge of the transaction.
The financing will include a $670 million, seven-year term loan B and a $50 million, five-year revolving line of credit, said the person, who asked not to be identified because the information is private.
Barclays Plc, Morgan Stanley, Credit Suisse Group AG, Deutsche Bank AG and Royal Bank of Canada are arranging the financing and will host a lender meeting Dec. 3 at 1 p.m. in New York, the person said.
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