Travelport investors grant additional $570M… – Travolution
New investment comes from existing backers for Travelport’s long-term success
Travel technology provider and GDS Travelport has 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 has been agreed on the basis that it will “significantly deleverage and strengthen” its balance sheet.
Following completion of the Transaction, Travelport will have a new ownership structure composed of Travelport’s existing equity and credit investors, including Elliott Investment Management, Davidson Kempner Capital Management, Canyon Partners, Siris Capital and other leading institutional investors.
These investors will remain to…
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source: https://news.oneseocompany.com/2023/12/05/travelport-investors-grant-additional-570m-travolution_2023120553323.html
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