Cases & Deals

Computershare Trust Company achieves win-win litigation settlement on behalf of Travelport senior noteholders

Client(s) ComputerShare Trust Co., N.A.

Jones Day, on behalf of Computershare Trust Company, N.A. in its capacity as indenture trustee for various series of senior unsecured notes issued by Travelport LLC, successfully resolved litigation arising out of a 2011 transaction, including claims for fraudulent transfer brought by Computershare on behalf of all senior noteholders in connection with such transaction. Under the terms of a settlement reached in March 2013, and as part of a larger restructuring plan, senior noteholders were provided the opportunity to exchange their existing instruments for a combination of cash and new senior notes, as well as the opportunity to reinvest in the restructured company by purchasing new second lien loans issued by Travelport. After receiving virtually unanimous support from all of the affected constituencies, the litigation settlement and the restructuring plan were successfully implemented on April 15, 2013.