Orbitz Worldwide Refinances Term Loan

                    Orbitz Worldwide Refinances Term Loan

Orbitz Worldwide Secures New $450 Million Senior Secured Term Loans and $65
Million Revolving Credit Facility

PR Newswire

CHICAGO, March 26, 2013

CHICAGO, March 26, 2013 /PRNewswire/ -- Orbitz Worldwide, Inc. (NYSE: OWW)
today announced it has secured new $450 million senior secured term loans
consisting of a $150 million Tranche B term loan maturing in September 2017
and a $300 million Tranche C term loan maturing in March 2019. A portion of
the net proceeds from the term loans, together with cash from the company's
balance sheet, was used to refinance $415 million of existing debt, which was
scheduled to mature in July 2014, and $50 million are to be used to cash
collateralize letters of credit.

(Logo: http://photos.prnewswire.com/prnh/20070813/AQM125LOGO)

The company alsosecured a new $65 million revolving credit facility replacing
its $72.5 million revolving credit facility, which was scheduled to mature in
July 2013. The revolving credit facility will be used for general corporate
purposes.

AboutOrbitz Worldwide
Orbitz Worldwide is a leading global online travel company that uses
innovative technology to enable leisure and business travelers to search for,
plan and book a broad range of travel products and services including airline
tickets,hotels,car rentals,cruises, andvacation packages. Orbitz Worldwide
owns a portfolio of consumer brands that includes Orbitz (www.orbitz.com),
CheapTickets (www.cheaptickets.com), ebookers (www.ebookers.com) and HotelClub
(www.hotelclub.com). Also within the Orbitz Worldwide family, Orbitz Partner
Network (www.orbitz.com/OPN) delivers private label travel solutions to a
broad range of partners including many of the world's largest airlines, and
Orbitz for Business (www.orbitzforbusiness.com) delivers managed corporate
travel solutions for corporations.

Orbitz Worldwide uses its Investor Relations website to make information
available to its investors and the public at investors.orbitz.com. The public
can sign up to receive email alerts whenever the company posts new information
to the website.

Forward-Looking Statements
This press release contains a number of forward-looking statements. Words and
variations of words such as "will," and similar expressions, are intended to
identify the company's forward-looking statements, including but not limited
to, statements it makes about the use of the proceeds. These forward-looking
statements are subject to a number of risks and uncertainties, many of which
are beyond the company's control, which could cause its actual results to
differ materially from those indicated in its forward-looking statements. Such
factors include but are not limited to the company's liquidity, the company's
debt, continued weak economic conditions, increased competition and tax law
changes. Please also see the company's risk factors, as they may be amended
from time to time, set forth in its filings with the SEC, including the
company's most recently filed Annual Report on Form 10-K and subsequent
reports on Forms 10-Q and 8-K. Orbitz Worldwide disclaims and does not
undertake any obligation to update or revise any forward-looking statement in
this press release, except as required by applicable law or regulation.

SOURCE Orbitz Worldwide, Inc.

Contact: Media, Chris Chiames, +1 312 894 6890, chris.chiames@orbitz.com, or
Investors, Melissa Hayes, +1 312 260 2428, melissa.hayes@orbitz.com
 
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