Orbitz repays $32.3 million of term loans because of excess cash flow

By Sara Rosenberg

New York, May 3 - Orbitz Worldwide Inc. made a $32.2 million payment on its term loan in March, according to a news release.

The company said that the payment was based on excess cash flow for full-year 2011, as required under its credit agreement.

Orbitz is a Chicago-based online travel company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.