-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CpI9WOdg+0u6gHEyVacJx2KXnjDtzQgQJ8Et+19aRDFCGSHL0pQNyaz2cprvSWXF QyHPN8JCEKNIRMVqXJa1cw== 0000950123-10-008686.txt : 20100204 0000950123-10-008686.hdr.sgml : 20100204 20100204134644 ACCESSION NUMBER: 0000950123-10-008686 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100203 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100204 DATE AS OF CHANGE: 20100204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Travelport LTD CENTRAL INDEX KEY: 0001386355 STANDARD INDUSTRIAL CLASSIFICATION: TRANSPORTATION SERVICES [4700] IRS NUMBER: 980505100 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-141714-23 FILM NUMBER: 10573530 BUSINESS ADDRESS: STREET 1: 405 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10174 BUSINESS PHONE: (212)915-9150 MAIL ADDRESS: STREET 1: 405 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10174 8-K 1 y81943e8vk.htm FORM 8-K e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported) February 4, 2010 (February 3, 2010)
Travelport Limited
(Exact name of Registrant as specified in its charter)
         
Bermuda   333-141714   98-0505100
(State or other jurisdiction
of incorporation)
  (Commission File No.)   (I.R.S. Employer
Identification Number)
405 Lexington Avenue
New York, NY 10174

(Address of principal executive
office)
Registrant’s telephone number, including area code (212) 915-9150
N/A
 
(Former name or former address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 8.01 Other Events.
On February 3, 2010, Travelport LLC, an indirect wholly owned subsidiary of Travelport Limited, announced the preliminary results of its previously announced tender offer for its notes. Based on the early tender results, Travelport LLC also announced that it is amending the terms of the tender offer to (1) waive the early tender date for the First Priority Notes and Second Priority Notes, (2) increase its previously announced maximum aggregate consideration for notes purchased in the tender offer, excluding accrued and unpaid interest, from $350 million to $475 million and (3) terminate the portion of the tender offer with respect to the Fifth Priority Notes. The tender offer is scheduled to expire at 11:59 p.m., New York City time, on February 17, 2010, unless otherwise extended or earlier terminated.
The completion of the tender offer is subject to the satisfaction of certain conditions, including the completion of the previously announced proposed initial public offering of Travelport Holdings (Jersey) Limited (“Travelport Holdings”) (to be re-registered as a public limited company and renamed Travelport plc), which is anticipated to become the parent company of Travelport Limited, to institutions in the United Kingdom and eligible institutional investors internationally.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are filed as part of this report:
     
Exhibit No.   Description
 
   
99.1
  Press Release, dated February 3, 2010.

 


 

SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  TRAVELPORT LIMITED
 
 
  By:   /s/ Eric J. Bock    
    Eric J. Bock   
    Executive Vice President, Chief Administrative
Officer and General Counsel 
 
 
Date: February 4, 2010

 


 

TRAVELPORT LIMITED
CURRENT REPORT ON FORM 8-K
Report Dated February 4, 2010 (February 3, 2010)
EXHIBIT INDEX
     
99.1
  Press Release, dated February 3, 2010.

 

EX-99.1 2 y81943exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
February 3, 2010
For Immediate Release:
Travelport LLC Announces Early Tender Results and Amendment of Debt Tender Offer
New York, NY— Travelport LLC (the “Company”) today announced preliminary results of its previously announced cash tender offer for:
  •   its Senior Euro Floating Rate Notes due 2014 (the “First Priority Notes”);
 
  •   its Senior Dollar Floating Rate Notes due 2014 (the “Second Priority Notes”);
 
  •   its 10 7/8% Senior Subordinated Euro Notes due 2016 (the “Third Priority Notes”);
 
  •   its 9 7/8% Senior Dollar Notes due 2014 (the “Fourth Priority Notes”); and
 
  •   its 11 7/8% Senior Subordinated Dollar Notes due 2016 (the “Fifth Priority Notes” and, together with the First Priority Notes, the Second Priority Notes, the Third Priority Notes and the Fourth Priority Notes, the “Notes”).
As of 5:00 p.m., New York City time, on February 2, 2010 (the “Early Tender Date”), €35,006,000 aggregate principal amount of First Priority Notes, $67,419,000 aggregate principal amount of Second Priority Notes, €36,080,000 aggregate principal amount of Third Priority Notes, $274,852,000 aggregate principal amount of Fourth Priority Notes and $49,986,000 aggregate principal amount of Fifth Priority Notes have been validly tendered and not validly withdrawn.
Based on the early tender results, the Company also announced that it is amending the terms of the tender offer to:
  •   waive the Early Tender Date for the First Priority Notes and the Second Priority Notes so that holders of First Priority Notes and Second Priority Notes who validly tender such Notes after the Early Tender Date and on or before the Expiration Date (as defined below) will receive the previously announced Total Tender Offer Consideration for such Notes;
 
  •   increase its previously announced maximum aggregate consideration for Notes purchased in the tender offer, excluding accrued and unpaid interest, from $350,000,000 to $475,000,000; and
 
  •   terminate the portion of the tender offer with respect to the Fifth Priority Notes.
All other terms and conditions of the tender offer remain unchanged, including the Withdrawal Deadline, the Expiration Date and the Settlement Date (each as defined below or in the Offer to Purchase).
The time and date at which the tender offer will expire remains 11:59 p.m., New York City time, on February 17, 2010 (unless extended) (such date and time, as the same may be extended, the “Expiration Date”). The Company currently expects the tender offer to be settled on February 18, 2010.
The Withdrawal Deadline for the Tender Offer has not been amended, and occurred at 5:00 p.m., New York City time, on February 2, 2010. Notes previously tendered and Notes that are tendered after the Withdrawal Deadline may no longer be withdrawn.
Any tendered Fifth Priority Notes will be promptly returned to holders.

 


 

The table below sets forth the amended terms of the offer:
                                                 
                    Aggregate                
                    Principal   Late Tender           Total Tender
    CUSIP/ISIN   Acceptance   Amount   Offer   Early Tender   Offer
Title of Security   Number   Priority Level   Outstanding   Consideration(1)   Premium(1)   Consideration(1)
Senior Euro Floating
  XS0302343164;     1     € 161,550,000     € 985     € 0     € 985  
Rate Notes due 2014
  XS0264616342;                                        
 
    XS0264616003                                          
Senior Dollar
  89421EAA1;     2     $ 143,000,000     $ 985     $ 0     $ 985  
Floating Rate Notes
  US89421EAA10;                                        
due 2014
  87238CAA2;                                        
 
  US87238CAA27;                                        
 
    USU8759LAA45                                          
10 7/8% Senior
  XS0302343917;     3     € 139,750,000     € 1,050     € 20     € 1,070  
Subordinated Euro
  XS0264616938;                                        
Notes due 2016
    XS0264616698                                          
9 7/8% Senior Dollar
  89421EAB9;     4     $ 443,000,000     $ 1,055     $ 20     $ 1,075  
Notes due 2014
  US89421EAB92;                                        
 
  87238CAB0;                                        
 
  US87238CAB00;                                        
 
    USU8759LAB28                                          
 
(1)   Per $1,000 principal amount of Notes accepted for purchase with Acceptance Priority Levels 2 and 4. Per €1,000 principal amount of Notes accepted for purchase with Acceptance Priority Levels 1 and 3.
Holders of First Priority Notes, Second Priority Notes, Third Priority Notes and Fourth Priority Notes that were validly tendered and not validly withdrawn on or before the Early Tender Date will receive the applicable Total Tender Offer Consideration for any such First Priority Notes, Second Priority Notes, Third Priority Notes and Fourth Priority Notes accepted for purchase in the tender offer. Holders of First Priority Notes, Second Priority Notes, Third Priority Notes and Fourth Priority Notes that are validly tendered after the Early Tender Date and on or before the Expiration Date will receive only the applicable Late Tender Offer Consideration for any such First Priority Notes, Second Priority Notes, Third Priority Notes and Fourth Priority Notes accepted for purchase in the tender offer.
This press release is neither an offer to purchase nor a solicitation of an offer to sell any Notes. The tender offer is made only by, and pursuant to the terms of, the Offer to Purchase and the related Letter of Transmittal, dated January 20, 2010, and the Company’s press release relating to the tender offer issued on January 22, 2010. The information in this press release is qualified by reference to those documents, except to the extent the terms of the tender offer described therein are amended by this press release. Subject to applicable law, the Company may further amend, extend, waive conditions to or terminate the tender offer.
UBS Securities LLC is the dealer manager for the tender offer for the Notes denominated in U.S. dollars (the “Dollar Notes”) and UBS Limited is the dealer manager for the Notes denominated in euros (the “Euro Notes”). Persons with questions regarding the tender offer should contact:
  •   with respect to the Dollar Notes: UBS Securities LLC at (203) 719-4210 (call collect) or (888) 719-4210 (Attention: Liability Management Group) and
 
  •   with respect to the Euro Notes: UBS Limited at 44 20 7567 0525 (Attention: Liability Management Group).
Requests for copies of the Offer to Purchase, the related Letter of Transmittal and other related materials should be directed to Global Bondholder Services Corporation, the Information Agent


 

and Depositary for the tender offer, at (212) 430-3774 (for banks and brokers only) or (866) 470-4300 (for all others and toll-free).
About Travelport
Travelport Limited, the indirect parent company of Travelport LLC, and guarantor on an unsecured basis of the Notes, is a leading provider of critical transaction processing solutions, offering broad based business services to companies operating in the global travel industry. Travelport Limited is comprised of the global distribution system (GDS) business that includes the Worldspan and Galileo brands; GTA, a global, multi-channel provider of hotel and ground services; Airline IT Solutions, which hosts mission critical applications and provides business and data analysis solutions for major airlines. With 2008 revenues of $2.5 billion, Travelport Limited operates in 160 countries and has approximately 5,300 employees. Travelport Limited also owns approximately 48% of Orbitz Worldwide (NYSE: OWW), a leading global online travel company. Travelport Limited is a private company owned by affiliates of The Blackstone Group, One Equity Partners, Technology Crossover Ventures and Travelport management.
This press release may include information that could constitute forward-looking statements. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include those matters disclosed in Travelport Limited’s Securities and Exchange Commission filings. Past results of Travelport Limited are not necessarily indicative of its future results. Travelport Limited does not undertake any obligation to update any forward-looking statements.
The Offer to Purchase is for distribution only to persons who (i) are existing Holders falling within Article 43(2) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Financial Promotion Order”); (ii) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Promotion Order, (iii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, (iv) are outside the United Kingdom, or (v) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the Offer may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). The Offer to Purchase is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which the Offer to Purchase relates is available only to relevant persons and will be engaged in only with relevant persons.
IMPORTANT NOTICE: NOT FOR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN OR AT ANY ADDRESS IN, THE REPUBLIC OF ITALY.
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