Global technology company Travelport announced it secured $570m in financing from a group of its existing equity holders and lenders.
The new funding will help to significantly deleverage Travelport’s balance sheet and enable continued investment in technology and innovation for the travel industry.
CEO Greg Webb stated that this investment will boost the company’s competitiveness and potential for long-term growth, and fuel future innovation.
Travelport’s owners now include existing investors such as Elliott Investment Management, Davidson Kempner Capital Management, Canyon Partners, Siris Capital, among others.
