Travelport (NYSE: TVPT) (the “Company”), a leading Travel Commerce Platform, announced the upsizing and pricing of the previously announced underwritten public offering of the Company’s common shares (the “Offering”). The size of the Offering has been increased to 10,000,000 common shares, of which 850,000 shares are being offered and sold by the Company and 9,150,000 shares are being offered and sold by certain of the Company’s shareholders (the “Selling Shareholders”). In connection with the Offering, the Company and the Selling Shareholders entered into an underwriting agreement with Morgan Stanley & Co. LLC. Certain of the Selling Shareholders have granted Morgan Stanley & Co. LLC an option for a period of 30 days to purchase up to an additional 1,500,000 common shares.
The Company intends to use the net proceeds that it will receive from the Offering for general corporate purposes. The Company will not receive any of the proceeds from the shares sold by the Selling Shareholders in the Offering. The Offering is expected to close on November 10, 2015.
Morgan Stanley & Co. LLC is acting as sole underwriter for the Offering.
An automatic shelf registration statement (including a prospectus) relating to the common shares was filed with the Securities and Exchange Commission (“SEC”) on November 4, 2015 and became effective upon filing. A copy of the preliminary prospectus supplement relating to the Offering was filed with SEC on November 4, 2015. The Offering will be made only by means of a prospectus supplement and the accompanying prospectus. You may obtain these documents free of charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the prospectus and accompanying preliminary prospectus may be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department.