logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Travelport Receives Significant Investment from Affiliates of Siris Capital and Evergreen Coast Capital

Jun 05, 2020over 5 years ago
Langley

Description

 Travelport Worldwide Limited ("Travelport" or the "Company"), a leading travel technology company, today announced that it has received commitments for $500 million in financing from affiliates of existing owners, Siris Capital Group, LLC ("Siris") and Evergreen Coast Capital Corp. ("Evergreen"), the private equity affiliate of Elliott Management Corporation ("Elliott"), and an additional $500 million of available financing capacity. The investment provides Travelport with the liquidity needed to continue to exceed the expectations of its customers despite the impact of the COVID-19 pandemic. It also allows the Company to continue to invest in its industry-leading technology and next-generation platform to ensure it is positioned for growth as travel returns.

Company Information

Company

Travelport (Www.Travelport.Com)

Location

Langley, Washington, United States

About

Travelport is the technology company which makes the experience of buying and managing travel continually better. It operates a travel commerce platform providing distribution, technology, travel payment and other solutions for the global travel and tourism industry. The company facilitates travel commerce by connecting the world's leading travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel platform.