Travelport launches repricing of institutional debt

By Sara Rosenberg

New York, Jan. 17 - Travelport Inc. held a conference call on Wednesday to launch a repricing of its term loan B and synthetic letter-of-credit facility, according to a market source.

UBS is the lead bank on the repricing.

Under the proposal, the company is looking to reduce the spread on its term loan B and synthetic letter-of-credit facility to Libor plus 250 basis points from Libor plus 300 bps, the source said.

Travelport is a Parsippany, N.J.-based travel distribution services company.

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