Travelport agrees loans extension

1st Oct 2011

Travelport has won agreement to extend the maturity of unsecured loans from March 2012 to December 2016.

During the solicitation of consent for the transaction, Travelport Holdings received unanimous support from all of its lenders under its PIK term loans.

As previously announced, holders of Travelport Limited’s senior secured credit agreement also consented to certain amendments in connection with the proposed restructuring, with approximately 99.3% in aggregate principal amount of the loans outstanding approving the amendment.

Gordon Wilson, president and chief executive of the Galileo and Worldspan operator, said: “We are very pleased that Travelport Limited and our parent company have received overwhelming support for the modification and extension of its credit facilities.

“We believe this support reflects the strength of our business and the confidence in our vision for the future of the company. With the consents obtained, Travelport Limited will continue to have the financial flexibility to execute our growth strategy.


“We remain focused on expanding and improving our product and technical platform and building on our position as one of the world’s leading travel content aggregators and transaction processing providers.”


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