LANGLEY, UK, January 3, 2024 – Travelport (the “Company”), a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, today announced that it has completed its previously announced financing transaction with a group of its existing equity holders and lenders who have invested $570 million in new equity into the Company.
The new financing significantly deleverages Travelport’s balance sheet, giving the Company a more robust long-term capital structure. It positions Travelport to continue investing in its technology platforms and further innovating new, exceptional ways for the travel industry to serve customers.
“The completion of Travelport’s previously announced financing transaction represents the strong belief our investors have in our competitive position and potential for long term growth,” said Greg Webb, Chief Executive Officer of Travelport. “Our new financing allows us to continue to innovate, enhance and…