Orbitz launches facility amendment to permit term loan repurchases

By Sara Rosenberg

New York, May 21 - Orbitz Worldwide Inc. launched an amendment to its credit facility on Thursday that would allow for open market purchases of outstanding term loans, according to an 8-K filed with the Securities and Exchange Commission.

The purchases would be made with cash - limited to a certain amount -or cash proceeds from equity issuances or in exchange for equity interests.

The company would have a specified period following the effective date of the amendment to conduct the purchases.

Orbitz is a Chicago-based online travel company.

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