Worldspan to redeem floating-rate notes on Jan. 8

By Laura Lutz

Washington, Dec. 7 - Worldspan, LP plans to redeem all of its outstanding senior second lien secured floating-rate notes due 2011.

The notes will be redeemed on Jan. 8 at a redemption price of 103% of the principal amount plus accrued interest.

The redemption will be funded with a new $750 million first lien credit facility and a $250 million second lien credit facility via a syndicate of banking institution, with Credit Suisse as administrative agent.

Worldspan is a travel technology services company based in Atlanta.

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