New Investment from Existing Backers Provides Travelport with Platform for Long-Term Success
Strengthened Balance Sheet to Enable Travelport to Further Enhance Customer Offerings
LANGLEY, UK, December 4, 2023 – Travelport Worldwide Limited (“Travelport” or the “Company”), a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, today announced that a group of its existing equity holders and lenders have agreed to invest $570 million of new equity financing into the Company. The new financing will give Travelport a robust capital structure, enable further investment into Travelport’s technology platforms and pave the way for other innovations to deliver new and exceptional ways for the travel industry to serve customers.
The new investment in Travelport is being made pursuant to an agreement that will significantly deleverage and strengthen the Company’s balance sheet (the “Transaction”). Following completion of…