Travelport launches $105 million incremental loan via Credit Suisse

By Sara Rosenberg

New York, June 17 - Travelport Ltd. approached investors on Wednesday with a new $105 million term loan, according to a market source.

Credit Suisse is the lead bank on the deal.

Price talk is Libor plus 800 basis points with a 3% Libor floor, and the loan is being offered at an original issue discount of 95, the source said.

Proceeds will be used for general corporate purposes.

The deal is being done under the company's existing credit facility accordion feature.

Books are scheduled to close on Thursday afternoon.

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

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