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