Travelport Limited Obtains Consent of Holders Under Its Senior Secured Credit Agreement

Sep 26, 2011, 07:30 ET from Travelport Limited

ATLANTA, Sept. 26, 2011 /PRNewswire/ -- Travelport Limited (the "Company") today announces that holders of more than a majority in aggregate principal amount of the loans outstanding under the Company's senior secured credit agreement have consented to certain amendments in connection with the proposed restructuring of the Company's parent holding company, Travelport Holdings Limited's ("Travelport Holdings"), unsecured payment-in-kind ("PIK") term loans due March 27, 2012.  The solicitation of consents of the PIK term loan holders to amend that debt, including arrangements that extend the maturity date until 2016, is still ongoing. The amendments and Travelport Holdings proposed restructuring will not be effected until the vote of the PIK term loan lenders is finalized satisfactorily.

SOURCE Travelport Limited