Dec 2023
Conyers advised Travelport Technology Limited in connection with a US$4.3 billion recapitalisation and equity financing restructuring.
As part of the restructuring certain of Travelport’s existing equity holders and lenders have agreed to invest US$570 million of new equity financing into the Company. The restructuring also included a debt-for-equity exchange of the Company’s US$2.2 billion junior priority-lien term loan and extending the maturity of its US$2.1 billion priority-lien term loan to September 2028.
Conyers lawyers Guy Cooper (Director) and Amber Wilson (Associate) acted for Travelport Technology Limited in connection with this transaction.