US private equity firm The Blackstone Group is seeking to secure $2.6bn (€2.1bn) in loans from banks to part support its $4.3bn buyout of Travelport, the global travel distribution services division of US conglomerate Cendant.

Blackstone is expected to meet additional banks next week in New York and London to syndicate the debt financing, which is being arranged by Credit Suisse, Lehman Brothers and UBS.

Duncan Kerr

Blackstone Group

Travelport

Michaels Stores

Credit Suisse

Citigroup

JP Morgan

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Blackstone eyes loan for Travelport

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