Travelport Owners, Lenders Near Settlement of $1 Billion Debt Dispute

Travelport Owners, Lenders Near Settlement of $1 Billion Debt Dispute

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Elliott Management Corp.’s Travelport Worldwide Ltd. is nearing a restructuring settlement that would unwind a disputed $1 billion shareholder rescue package and end a standoff with some of Wall Street’s biggest debt buyers, people familiar with the matter said.

The settlement, if completed, would cool tensions between Travelport’s top lenders and its private-equity backers Elliott and Siris Capital Group LLC, resolving one of the highest-profile fights to break out between investors in companies hit hard by the Covid-19 pandemic….


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