Shearman Logo

News Feb 04, 2014

Shearman & Sterling Advises on Ancestry.com Holdings LLC’s $100 Million Notes Offering

Shearman & Sterling represented Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co. and RBC Capital Markets, LLC as the initial purchasers in connection with the Rule 144A/Regulation S offering by Ancestry.com Holdings LLC of $100,000,000 aggregate principal amount of 9.625% / 10.375% Senior Notes due 2018.  The proceeds from the offering will be used to pay cash dividends on, and/or make other payments in respect of Ancestry.com Holdings LLC’s or its subsidiaries’ equity interests. The offering was a re-opening and an issuance of additional notes under the indenture, dated as of September 17, 2013, pursuant to which Ancestry.com Holdings LLC previously issued $300,000,000 aggregate principal amount of its 9.625% / 10.375% Senior Notes due 2018.

Ancestry.com Holdings LLC is a holding company which owns all of the membership interests of Ancestry.com LLC, the world’s largest online family history resource, operating websites accessible worldwide, including dedicated sites in the United States, United Kingdom, Australia, Canada and Sweden. 

The Shearman & Sterling team included partner Laurence Bambino (New York-Tax) and associates Merritt Johnson (New York-Capital Markets), Reed Schuster (New York-Capital Markets), Dan Smith (New York-Tax) and Bejidé Davis (New York-Corporate).