Travelport Raising $250M of Debt Financing

Travelport is raising $250 million of debt financing through a sale of senior notes due 2016. The company provides wholesale travel content, services and offerings using consumer travel websites and intends to use the proceeds to pay off part of its existing senior secured credit facilities and for general corporate purposes. Travelport was acquired by The Blackstone Group, Technology Crossover Ventures and One Equity Partners in a $4.3 billion LBO in 2006.