Travelport Limited Completes Comprehensive Refinancing Plan
ATLANTA, April 16, 2013 /PRNewswire/ -- Travelport Limited and Travelport LLC, an indirect subsidiary of the Company (together, the "Company"), today announced the consummation of the Company's comprehensive capital refinancing plan, including the successful completion of the previously announced refinancing transactions relating to the Company's existing senior notes, subordinated notes and second lien notes and new second lien secured credit agreement and Travelport Holdings Limited's unsecured payment-in-kind notes.
"Our goals in undertaking this refinancing plan were to extend our 2014 debt maturities, eliminate the debt at Travelport Holdings Limited and to simplify the Company's capital structure. We are pleased to announce that we have met these aims in full," stated Gordon Wilson, President and CEO of Travelport Limited. "The successful execution of these transactions allows Travelport's management team to continue to focus on growing our business through the continued execution of the Company's strategy, which is gaining some real traction."
The New Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The offers and sales of securities pursuant to the Restructuring Transactions were made only (i) in the United States, to "qualified institutional buyers" as defined in Rule 144A under the Securities Act and (ii) outside the United States, to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.
About Travelport
Travelport is a leading provider of critical transaction processing solutions and data to companies operating in the global travel industry.
With a presence in over 170 countries, approximately 3,500 employees and 2012 net revenue of more than $2 billion, Travelport is comprised of the global distribution system (GDS) business, which includes the Galileo and Worldspan brands, its Airline IT Solutions business and a majority joint venture in eNett.
Headquartered in Atlanta, Georgia, Travelport is a privately owned company.
Investor Contact
Julian Walker
Head of Corporate Communications and Investor Relations
+44 (0)1753 288 210
[email protected]
Media Contacts
Kate Aldridge
Senior Director, Corporate Communications, EMEA and APAC
+44 (0)1753 288 720
[email protected]
Jill Brenner
Senior Director, Corporate Communications, Americas
+1 (973) 753 3110
[email protected]
SOURCE Travelport Limited
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