Travelport Launches $2B IPO To Slash Debt

Law360, New York (January 19, 2010, 2:14 PM EST) -- Travelport Holdings (Jersey) Ltd. revealed plans Tuesday to launch an unregistered offering of shares within the United States in connection with a $2 billion initial public offering being made to institutions in the United Kingdom, a move the travel services company said would help offset debt.

The New York-based company, which is set to be renamed Travelport PLC, said the proposed IPO is intended to raise $1.775 billion in addition to $225 million from the Government of Singapore Investment Corp., a sovereign wealth fund.

GIC has...
To view the full article, register now.