Worldspan to begin roadshow for $315 million eight-year notes during June 16 week

By Paul A. Harris and Sara Rosenberg

St. Louis, June 11 - Worldspan LP is expected to launch $315 million of senior notes due 2011 during the week of June 16, according to syndicate sources.

Lehman Brothers and Deutsche Bank Securities will be joint bookrunners.

The notes will be non-callable for four years.

The company also expects to obtain a $150 million credit facility.

Proceeds will be used to help fund the LBO of Worldspan from its three airline owners by Travel Transaction Processing Corp., a company formed by Citigroup Venture Capital Equity Partners LP and Teachers' Merchant Bank.

Worldspan is an Atlanta travel technology resource for travel suppliers, travel agencies, e-commerce sites and corporations.

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