Travelport Files Registration Statement for Proposed IPO

Travelport Worldwide has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common shares.

Travelport is a travel commerce marketplace providing distribution, technology, payment and other solutions. Travelport is comprised of a Travel Commerce Platform, through which it facilitates travel commerce by connecting the world's leading travel providers with online and offline travel buyers in a travel commerce marketplace; and its Technology Services, through which it provides critical IT services to airlines, such as shopping, ticketing, departure control and other solutions.

The number of shares to be offered and the price range for the offering have not yet been determined.

Travelport says it intends to use the net proceeds from an offering to reduce the company’s outstanding indebtedness.

Morgan Stanley, UBS Investment Bank, Credit Suisse and Deutsche Bank Securities are acting as joint book-running managers for the offering.