Travelport announced it has completed its previously announced financing transaction with a group of its existing equity holders and lenders who have invested $570 million in new equity into the company.
The new financing, according to the announcement, significantly deleverages Travelport’s balance sheet, giving the company a more robust long-term capital structure. It positions Travelport to continue investing in its technology platforms and further innovating new ways for the travel industry to serve customers.

Greg Webb, CEO, said the transaction represents the strong belief investors have in Travelport’s competitive position and potential for long-term growth. Moving forward, according to the announcement, Travelport will continue to invest in its customer offerings, including accelerating new developments in Travelport+; support for a wide range of carrier NDC offerings; and the Content Curation Layer, the company’s machine learning-powered search engine that normalizes and personalizes all sources of travel content.

Travelport’s owners are now composed of its existing equity and credit investors, including Elliott Investment Management, Davidson Kempner Capital Management, Canyon Partners, Siris Capital and other leading institutional investors.