Skip to content
Subscriber Only

Travelport Extends $2 Billion of Loans, Obtains Covenant Relief

Travelport Ltd., the travel-reservation systems provider owned by Blackstone Group LP, completed an amendment to delay maturities and get covenant relief on $2.6 billion of first-lien loans, according to a person familiar with the negotiations.

Credit Suisse Group AG and UBS AG arranged the agreement, under which lenders are extending $2 billion of loans by two years to August 2015, said the person, who declined to be identified because the terms are private.