Travelport Receives $500 Million in Fresh Financing From Private Equity
Skift Take
The cash injection will give the travel technology firm Travelport some breathing room as it fights payments tech firm Wex over a transaction dispute.
Travelport said Friday it had received commitments for $500 million in financing from its private equity owners Siris Capital and the private equity affiliate of Elliott Management, Evergreen Coast Capital. The UK-based travel technology company has received a line of funding it could tap of up to an additional $500 million.
The fresh investment provides Travelport with the liquidity it needs to manage the sharp downturn in revenue related to a devastated travel industry due to the coronavirus pandemic.
"With the support of our investment partners, w
