Travelport reduces term loan pricing by 25 bps following S&P upgrade

By Tali Rackner

Norfolk, Va., March 17 – Travelport reduced pricing on its term loans by 25 basis points following Standard and Poor’s upgrade of the company to B, according to a press release.

The upgrade was made after Travelport reported its fourth quarter and full year results for 2014 in February.

This follows a similar upgrade from Moody’s Investors Service, which moved Travelport’s credit rating to a B2 in September 2014, following the company’s successful initial public offering on the New York Stock Exchange.

Travelport is an Atlanta-based provider of transaction processing services to the travel industry.

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