Travelport Worldwide Limited Announces Launch of Initial Public Offering

LANGLEY, England, Sept. 11, 2014 /PRNewswire/ -- Travelport Worldwide Limited, ("Travelport" or "the Company") today announced that it has commenced an initial public offering (the "Offering") of 30 million of its common shares pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the "Commission"). The Company intends to grant the underwriters a 30-day option to purchase up to 4,500,000 additional common shares. The estimated price range for the initial public offering is $14 to $16 per common share. The Company has applied to list its common shares on the New York Stock Exchange under the symbol "TVPT."

The Company intends to use the net proceeds from the offering to repay debt and certain other liabilities.

Morgan Stanley, UBS Investment Bank, Credit Suisse and Deutsche Bank Securities are serving as joint book-running managers for the Offering. Cowen and Company, Evercore, Jefferies, Sandford C. Bernstein and William Blair are serving as co-managers for the Offering.

The offering will be made only by means of a prospectus. A copy of the preliminary prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department, or by telephone at 1-877-827-7275; UBS Securities LLC, 299 Park Avenue, New York, New York 10171, Attention: Prospectus Department, or by telephone at 1-877-827-7275 Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York, 10010, or by telephone at 1-800-221-1037, or by email at [email protected]; or Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, or by telephone at 1-800-503-4611, or by email at [email protected].

The registration statement on Form S-1, including a prospectus, which is preliminary and subject to completion, relating to these securities has been filed with the Commission but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Travelport

Travelport is a travel commerce platform providing distribution, technology, payment and other solutions for the $7 trillion global travel and tourism industry. Travelport is comprised of a Travel Commerce Platform, through which it facilitates travel commerce by connecting the world's leading travel providers with online and offline travel buyers in a travel commerce marketplace; and its Technology Services, through which it provides critical IT services to airlines, such as shopping, ticketing, departure control and other solutions, enabling them to focus on their core business competencies and reduce costs.

Investor contact:   
Majid Nazir 
Vice President, Investor Relations 
Tel: +44 (0)1753 288 857 
[email protected]

Media contact:
Kate Aldridge
Vice President, Corporate Communications
Tel: +44 (0)1753 288 720
[email protected]

SOURCE Travelport Worldwide Limited

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