Simpson Thacher Represents Blackstone in Travelport Restructuring
10.21.11
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Simpson Thacher is representing The Blackstone Group in connection with the debt restructuring of its portfolio company Travelport Limited and its parent holding company, Travelport Holdings Limited, to amend the terms of Travelport Holdings' $715 million principal amount unsecured payment-in-kind ("PIK") term loans, including arrangements that extend the maturity date from March 27, 2012 until December 1, 2016. Travelport is one of the world’s largest and most geographically diverse travel companies, and operates over 20 leading brands, including Orbitz, an online travel agency, and Galileo, a global distribution system.
The Simpson Thacher team includes Bill Curbow and Ryan Gavin (M&A), Peter Pantaleo and Morris Massel (Bankruptcy) and Gary Mandel and Sean Austin (Tax).