Interesting… Even the world’s most successful genealogy company has one heck of a lot of outstanding debt…
PROVO, Utah, May 15, 2013 (GLOBE NEWSWIRE) — Ancestry.com, the world’s largest online family history resource, today announced that it has refinanced its Term Loan due December 2018 (the “Old Term Loan”), which had an outstanding balance of approximately $668.3 million immediately prior to the refinancing, for an amended term B loan of approximately $488.3 million due December 2018 (the “Term Loan B”) and a term A loan of $150 million due May 2018 (the “Term Loan A”).
…Subsequent to the refinancing, the Company has total outstanding debt of $938 million.
