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Travelport announces IPO

20-Jan-2010 9:53 AM

Travelport Holdings (Jersey) Ltd (to be renamed Travelport) announced (19-Jan-2010) its intention to proceed with an unregistered offering of shares within the US, in connection with an IPO of shares being made to institutions in the UK and to eligible institutional investors internationally. The proposed IPO is intended to raise USD1,775 million, with the net proceeds used to retire debts. The transaction is expected to close in 1Q2010, subject to market and other customary conditions.