is being purchased by Permira Advisers LLP and has issued $300 million of bonds to help fund the buyout even although a court ruled that officials can’t close the deal yet.

According to data compiled by Bloomberg the company issued 11 percent 8-year notes at par (an amount or level considered to be average) to yield 964 (one one-hundredth of a percent, used in measuring yield differences among bonds) more than similar maturity Treasuries.  Investors were told the bonds may yield 10.5 to 10.75 percent.

Permira is a London, England, private equity firm who agreed to buy Ancestry at about $1.6 billion back in October. Although Ancestry passed the 2 million user milestone, there was concern that the cancellation of their television show “Who Do You Think You are? would narrow subscriber growth.

If you’d like to read the entire article, click on Bloomberg.

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