Articles from Global Business Travel Group, Inc.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense and meetings & events, has confirmed today that the U.K. Competition and Markets Authority (the “CMA”) has published its interim report regarding Amex GBT’s proposed acquisition of CWT, a global business travel and meeting solutions provider. Amex GBT fundamentally disagrees with the CMA’s interim assessment that the transaction may result in a substantial lessening of competition in the UK and it will continue to work collaboratively with the CMA to demonstrate that the transaction should be approved by the CMA.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings & events, today announced financial results for the third quarter ended September 30, 2024.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings & events, today announced that it will report third quarter 2024 financial results on November 5, 2024, before the market opens. Chief Executive Officer Paul Abbott and Chief Financial Officer Karen Williams will discuss Amex GBT’s financial performance and business outlook on a live audio webcast at 09:00 A.M. ET.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading B2B software and services company for travel, expense, and meetings & events, today announced that during the third quarter of 2024, the Company repurchased 8,000,000 shares of its Class A common stock from a stockholder of the Company in a privately negotiated transaction at a purchase price of approximately $6.85 per share, or approximately $55 million in aggregate. The stock repurchase was funded by the Company’s cash on hand and was unanimously approved by the Company’s Board of Directors. The total number of shares repurchased by the Company amounted to approximately 1.7% of its shares outstanding as of June 30, 2024.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT”), a leading B2B software and services company for travel, expense, and meetings & events, today announced that it will present at Citi’s 2024 Global TMT Conference on September 5, 2024, beginning at 11:40AM ET in New York City.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading B2B software and services company for travel, expense, and meetings & events, today announced financial results for the second quarter ended June 30, 2024.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense and meetings & events, has today announced it now expects its proposed acquisition of CWT, a global business travel and meeting solutions provider, to close in the first quarter of 2025.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings and events, today announced that it entered into an amended and restated credit agreement, which provides for a principal amount of $1,400 million senior secured first lien term loan facility, maturing on July 26, 2031, and a $360 million senior secured first lien revolving credit facility, maturing on July 26, 2029.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings & events, today announced that it will report second quarter 2024 financial results on August 6, 2024, before the market opens followed by a live audio webcast at 9:00 a.m. ET. Paul Abbott, Chief Executive Officer, and Karen Williams, Chief Financial Officer, will discuss Amex GBT’s financial performance and business outlook.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading B2B software and services company for travel and expense, today announced financial results for the first quarter ended March 31, 2024.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading B2B software and services company for travel and expense, today announced that it will report first quarter 2024 financial results on May 7, 2024, before the market opens followed by a live audio webcast at 9:00 a.m. ET. Paul Abbott, Chief Executive Officer, and Karen Williams, Chief Financial Officer, will discuss Amex GBT’s financial performance and business outlook.

American Express Global Business Travel (“Amex GBT”), which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading B2B software and services company for travel and expense, has today announced it entered into a definitive agreement to acquire CWT, a global business travel and meetings solutions provider, in a transaction that values CWT at approximately $570 million on a cash-free, debt-free basis, subject to certain assumptions and purchase price adjustments. The transaction will be funded by a combination of stock and cash and is expected to close in the second half of 2024, subject to the satisfaction of customary closing conditions, including the receipt of certain regulatory approvals.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading B2B software and services company for travel and expense, today announced financial results for the fourth quarter and full year ended December 31, 2023.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading B2B software and services company for travel and expense, today announced that it will report fourth quarter and full-year 2023 financial results on March 5, 2024, before the market opens followed by a live audio webcast at 9:00 a.m. ET. Paul Abbott, Chief Executive Officer, and Karen Williams, Chief Financial Officer, will discuss Amex GBT’s financial performance and business outlook.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), the world’s leading B2B travel platform, today announced that it has received an upgrade from S&P Global Ratings (“S&P”) to its issuer credit rating to ‘B+’ from ‘B-‘ on rapid deleveraging and positive cash flows with a stable outlook. At the same time, S&P raised its issue-level ratings by two notches in conjunction with the upgrade.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT”), the world’s leading B2B travel platform, today announced that it will present at the UBS Global Technology Conference on November 28, 2023, beginning at 10:55AM MST (12:55PM ET) in Scottsdale, AZ.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), the world’s leading B2B travel platform, today announced financial results for the third quarter ended September 30, 2023.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), the world’s leading B2B travel platform, today announced that it will report third quarter 2023 financial results on November 7, 2023, before the market opens followed by a live audio webcast at 9:00 a.m. ET. Paul Abbott, Chief Executive Officer, and Karen Williams, Chief Financial Officer, will discuss Amex GBT’s financial performance and business outlook.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT”), the world’s leading B2B travel platform, today announced that it will present at Citi’s 2023 Global Technology Conference on September 7, 2023, beginning at 8:15AM ET in New York City.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), the world’s leading B2B travel platform, today announced financial results for the second quarter ended June 30, 2023.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), the world’s leading B2B travel platform, today announced that it will report second quarter 2023 financial results on August 10, 2023, before the market opens followed by a live audio webcast at 9:00 a.m. ET. Paul Abbott, Chief Executive Officer, and Karen Williams, Chief Financial Officer, will discuss Amex GBT’s financial performance and business outlook.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), the world’s leading B2B travel platform, today announced that the Company has entered into a series of transactions that simplify its organizational structure by eliminating the Company’s umbrella partnership-C corporation (“UP-C”) structure (the “Corporate Simplification”).

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), the world’s leading B2B travel platform, today announced it is expected to join the Russell 2000® and 3000® Indexes on June 23, 2023, after the market closes, according to a preliminary list of additions posted by the FTSE Russell on May 19, 2023.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), the world’s leading B2B travel platform, today announced financial results for the first quarter ended March 31, 2023.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), the world’s leading B2B travel platform, today announced that it will report first quarter 2023 financial results on May 9, 2023, before the market opens followed by a live audio webcast at 9:00 a.m. ET. Paul Abbott, Chief Executive Officer, and Martine Gerow, Chief Financial Officer, will discuss Amex GBT’s financial performance and business outlook.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), the world’s leading B2B travel platform, today announced financial results for the fourth quarter and full year ended December 31, 2022.

American Express Global Business Travel (Amex GBT), which is operated by Global Business Travel Group, Inc. (NYSEGBTG), the world’s leading B2B travel platform, today announced its Chief Revenue Officer Michael Qualantone is to retire after a 34-year career with American Express and Amex GBT.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT”), the world’s leading B2B travel platform, today announced that it will present at Credit Suisse’s 26th Annual Technology Conference on November 29, 2022, beginning at 8:15AM MT (10:15AM ET) in Scottsdale, Arizona, and Redburn’s 10th Annual CEO Conference on November 30, 2022, beginning at 10:00AM ET virtually.

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), the world’s leading B2B travel platform, today announced financial results for the third quarter ended September 30, 2022.

Global Business Travel Group, Inc. (NYSEGBTG), operating American Express Global Business Travel (“Amex GBT”), the world’s leading B2B travel platform, today announced that it will report third quarter 2022 financial results on November 10, 2022, before the market opens followed by a live audio webcast at 9:00 a.m. ET. Paul Abbott, Chief Executive Officer, and Martine Gerow, Chief Financial Officer, will discuss Amex GBT’s financial performance and business outlook.

Global Business Travel Group, Inc. (the “Company” or “Amex GBT”) (NYSEGBTG), the world’s leading B2B travel platform, today announced the completion of its previously announced exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding warrants, consisting of (i) the warrants sold as part of the units in Apollo Strategic Growth Capital’s initial public offering on October 6, 2020 (“IPO”) (the “Public Warrants”) and (ii) the warrants sold as part of the units in a private placement that occurred simultaneously with the IPO (together with the Public Warrants, the “Warrants”), each whole Warrant exercisable for one share of Class A common stock, $0.0001 par value per share (“Class A Common Stock”), of the Company, at an exercise price of $11.50 per share. With the completion of the Offer and Consent Solicitation, Amex GBT has increased the number of shares of common stock available for trading and, following the exchange of untendered Warrants described below, will have eliminated all of the Warrants and simplified the Company’s capital structure.

Global Business Travel Group, Inc. (the “Company” or “Amex GBT”) (NYSEGBTG), the world’s leading B2B travel platform, today announced the expiration and results of its previously announced exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding warrants, consisting of (i) the warrants sold as part of the units in Apollo Strategic Growth Capital’s initial public offering on October 6, 2020 (“IPO”) (the “Public Warrants”) and (ii) the warrants sold as part of the units in a private placement that occurred simultaneously with the IPO (the “Private Placement Warrants” and, together with the Public Warrants, the “Warrants”), each whole Warrant exercisable for one share of Class A common stock, $0.0001 par value per share (“Class A Common Stock”), of the Company, at an exercise price of $11.50 per share. The Offer and Consent Solicitation expired one minute after 11:59 p.m., Eastern Standard Time, on October 7, 2022. With the completion of the Offer and Consent Solicitation, Amex GBT will eliminate all of the Company’s Warrants, simplify the Company’s capital structure and increase the number of shares of common stock available for trading.

Global Business Travel Group, Inc. (the “Company” or “GBTG”) (NYSEGBTG), the world’s leading B2B travel platform, today announced that the registration statement on Form S-4 (the “Registration Statement”) initially filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) on September 9, 2022, registering Class A common stock, par value $0.0001 per share (“Class A Common Stock”), of the Company issuable as part of the Company’s previously announced exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding Public Warrants and Private Placement Warrants (each as defined below, and collectively, the "Warrants"), has been declared effective by the SEC. As a result, the Company does not expect or intend to extend the expiration date of the Offer, which is set to expire at one minute after 11:59 p.m., Eastern Standard Time, on October 7, 2022 (the “Expiration Date”). Holders of Warrants who intend and are eligible to participate in the Offer may tender their Warrants in the manner described in the prospectus/offer to exchange, dated October 3, 2022 (the “Prospectus/Offer to Exchange”), and related offering materials previously distributed to each holder.

Global Business Travel Group, Inc. (the “Company” or “GBTG”) (NYSEGBTG), the world’s leading B2B travel platform, today announced that it has commenced an exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding Public Warrants and Private Placement Warrants (each as defined below, and collectively, the "Warrants"). The purpose of the Offer and Consent Solicitation is to eliminate all of the Company’s Warrants, simplify the Company’s capital structure, increase the number of shares of common stock available for trading and reduce the potential dilutive impact of the Warrants.

American Express Global Business Travel (“Amex GBT”) (NYSEGBTG), the world’s leading B2B travel platform, today announced that it will present at Citi’s 2022 Global Technology Conference on September 7, 2022 beginning at 4:45PM ET in New York City.

Global Business Travel Group, Inc. (NYSEGBTG) (“American Express Global Business Travel”, “Amex GBT” or the “Company”), the world’s leading B2B travel platform, today announced financial results for the quarter ended June 30, 2022.