Internet Software and Services
Company Overview of Travelport Limited
Travelport Limited provides aggregation, search, and transaction processing services to travel providers, and online and offline travel agencies worldwide. It allows travel agencies to search, compare, process, and book itinerary and pricing options across various travel providers; and hosts mission critical applications, and provides business and data analysis solutions to airlines. The company connects travel providers with travel agencies in approximately 170 countries to distribute supplier inventory that is aggregated from airlines, hotels, car rental companies, rail networks, cruise and tour operators, and destination service providers. It provides travel distribution services to appro...
300 Galleria Parkway
Atlanta, GA 30339
Founded in 1971
Key Executives for Travelport Limited
Chief Financial Officer and Executive Vice President
Chief Executive of IT Services & Software
Chief Executive Officer of Consumer and New Ventures
President of Orbitz Worldwide and Chief Financial Officer Orbitz Worldwide
Compensation as of Fiscal Year 2014.
Travelport Limited Key Developments
Travelport Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Aug 4 14
Travelport Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenue of $551 million against $537 million a year ago. Operating income was $60 million against $56 million a year ago. Income before income taxes and share of earnings in equity method investments was $16 million against loss before income taxes and share of earnings in equity method investments of $97 million a year ago. Adjusted EBITDA was $146 million against $139 million a year ago.
For the six months, the company reported net revenue of $1,123 million against $1,085 million a year ago. Operating income was $135 million against $125 million a year ago. Income before income taxes and share of earnings in equity method investments was $3 million against loss before income taxes and share of earnings in equity method investments of $98 million a year ago. Adjusted EBITDA was $297 million against $280 million a year ago. Net cash provided by operating activities was $42 million against $12 million a year ago. Property and equipment additions were $54 million against $46 million a year ago.
Travelport Limited Announces Launch of Debt Refinancing Transaction
Aug 1 14
Travelport Limited announced the launch of a debt refinancing transaction. Travelport, through its wholly-owned Luxembourg subsidiary, is seeking commitments from lenders (i) under a new senior secured credit facility for an aggregate principal amount of $2,400 million, and currently expects the new senior secured credit facility to be comprised of (a) a single tranche of term loans of $2,300 million maturing in 2021 and (b) a revolving credit facility of $100 million maturing in 2019 and (ii) under a senior unsecured bridge loan facility in an aggregate principal amount of $500 million (together with any high yield debt securities issued in connection with or in exchange therefore, the Bridge Facility). The net proceeds of the term facility, together with borrowings under the bridge facility, will, among other things, be used to (i) repay certain of the indebtedness outstanding under the first and second lien term loans under Travelport LLC's Sixth Amended and Restated Credit Agreement and Second Lien Credit Agreement and (ii) redeem certain of the following outstanding debt securities issued by Travelport LLC and Travelport Holdings Inc.: (A) Senior Floating Rate Notes Due 2016, (B) 13.875% Senior Fixed Rate Notes Due 2016, (C) 11.875% Senior Subordinated Fixed Rate Notes Due 2016, (D) 11.875% Dollar Senior Subordinated Fixed Rate Notes Due 2016 and (E) 10.875% Senior Subordinated Euro Fixed Rate Notes Due 2016.
Travelport Limited to Report Q2, 2014 Results on Aug 04, 2014
Jul 30 14
Travelport Limited announced that they will report Q2, 2014 results on Aug 04, 2014
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