Worldspan amends loan, permitting repurchase of up to $50 million of notes

By Sara Rosenberg

New York, June 27 - Worldspan Technologies Inc. amended its credit facility, allowing for the repurchase of up to $50 million of senior second-lien floating-rate notes due 2011 and subordinated notes due 2013, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

The note repurchases are only permitted, however, if there are no revolver borrowings outstanding.

The amendment was completed on June 21.

JPMorgan is the administrative agent on the deal.

Worldspan is an Atlanta-based computerized reservation systems company.

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