Orbitz Worldwide Refinances Term Loan

Tue Mar 26, 2013 9:00am EDT

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Orbitz Worldwide Secures New $450 Million Senior Secured Term Loans and $65
Million Revolving Credit Facility




CHICAGO,  March 26, 2013  /PRNewswire/ -- Orbitz Worldwide, Inc. (NYSE: OWW)
today announced it has secured new  $450 million  senior secured term loans
consisting of a  $150 million  Tranche B term loan maturing in  September 2017 
and a  $300 million  Tranche C term loan maturing in  March 2019. A portion of
the net proceeds from the term loans, together with cash from the company's
balance sheet, was used to refinance  $415 million  of existing debt, which was
scheduled to mature in  July 2014, and  $50 million  are to be used to cash
collateralize letters of credit.  

(Logo:  http://photos.prnewswire.com/prnh/20070813/AQM125LOGO)  



The company also secured a new  $65 million  revolving credit facility replacing
its  $72.5 million  revolving credit facility, which was scheduled to mature in 
July 2013. The revolving credit facility will be used for general corporate
purposes.

About Orbitz Worldwide
Orbitz Worldwide is a leading global online travel company that uses innovative
technology to enable leisure and business travelers to search for, plan and book
a broad range of travel products and services including  airline tickets,
hotels, car rentals, cruises, and vacation packages. Orbitz Worldwide owns a
portfolio of consumer brands that includes Orbitz (www.orbitz.com), CheapTickets
(www.cheaptickets.com), ebookers (www.ebookers.com) and HotelClub
(www.hotelclub.com).  Also within the Orbitz Worldwide family, Orbitz Partner
Network (www.orbitz.com/OPN) delivers private label travel solutions to a broad
range of partners including many of the world's largest airlines, and Orbitz for
Business (www.orbitzforbusiness.com) delivers managed corporate travel solutions
for corporations.  

Orbitz Worldwide uses its Investor Relations website to make information
available to its investors and the public at  investors.orbitz.com. The public
can sign up to receive email alerts whenever the company posts new information
to the website.

Forward-Looking Statements
This press release contains a number of forward-looking statements. Words and
variations of words such as "will," and similar expressions, are intended to
identify the company's forward-looking statements, including but not limited to,
statements it makes about the use of the proceeds. These forward-looking
statements are subject to a number of risks and uncertainties, many of which are
beyond the company's control, which could cause its actual results to differ
materially from those indicated in its forward-looking statements. Such factors
include but are not limited to the company's liquidity, the company's debt,
continued weak economic conditions, increased competition and tax law changes.
Please also see the company's risk factors, as they may be amended from time to
time, set forth in its filings with the SEC, including the company's most
recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q
and 8-K. Orbitz Worldwide disclaims and does not undertake any obligation to
update or revise any forward-looking statement in this press release, except as
required by applicable law or regulation.

SOURCE  Orbitz Worldwide, Inc.


Media, Chris Chiames, +1 312 894 6890, chris.chiames@orbitz.com, or Investors, 
Melissa Hayes, +1 312 260 2428, melissa.hayes@orbitz.com

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