Travelport Alters Plan After Bondholders Object

Sheahan, Matthew
October 2011
High Yield Report;10/3/2011, p19
This article reports on the decision of the travel transaction processing service provider Travelport to make changes to its restructuring plan in 2011. Travelport made the changes to address opposition by bondholders. The company removed a second-lien loan opposed by bondholders, raised the equity for lenders and paid off PIK debt. It made the move after it delayed a vote on an amendment to its debt restructuring plan.


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