Simpson Thacher represented The Blackstone Group in its acquisition of Travelport Inc., Cendant Corporation’s travel distribution services business. Blackstone paid over $4 billion in cash for Travelport. Simpson Thacher also represented Blackstone in connection with the financing of the acquisition, which consisted of a $2.6 billion Senior Secured Credit Facility, as well as a $1.4 billion Rule 144A and Regulation S offering of Dollar and Euro-denominated Senior Floating, Senior Fixed and Senior Subordinated Notes. The acquisition closed on August 23, 2006.
Travelport is one of the world’s largest and most geographically diverse travel companies, and operates over 20 leading brands, including Orbitz, an online travel agency, and Galileo, a global distribution system.
The Simpson Thacher team includes Bill Curbow, Doug Bacon, Jeremy Saks and Julia Luebke (M&A), Ed Tolley, Toshiro Mochizuki, Kathryn Gettles-Atwa and Ines Tofalo (Capital Markets), Alden Millard and Adriana Kertzner (Credit), Anthony Vernace (Credit and M&A), Joe Tringali, Olivier Antoine and Paul Sirkis (Antitrust), Charlie Rappaport and Sean Austin (Tax), Greg Grogan and Andrew O’Brien (Employee Benefits), Lori Lesser and Mark Solomon (IP), Scott Dyer (Labor), Mike Isby (Environmental) and Mardi Merjian (Real Estate). Paralegals Chad Davis, Allen Gleckner and Dorothy Hong also provided valuable assistance.