American Express Global Business Travel Reduces Interest Rate and Increases Liquidity

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE: GBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings & events, today announced that it has successfully refinanced and upsized its senior secured first lien term loan facility.

Transaction Highlights:

• Reduces interest rate. With the successful refinancing, the Company achieved a 50 basis point reduction in its borrowing rate, with the amended term loan priced at SOFR plus 2.00%.
• Increases liquidity. Strong demand enabled the Company to raise an incremental $100 million, with the term loan facility upsized to $1.486 billion, maturing in July 2031.
• Enhances financial flexibility. The upsized term loan facility provides the Company with enhanced financial flexibility to invest to drive organic and inorganic growth, productivity and margin expansion, including continued investments in AI.

“Refinancing and upsizing at par demonstrates the strength of our company performance and the confidence our blue chip debt investors have in our outlook,” said Karen Williams, Chief Financial Officer of Amex GBT. “The improved terms are best-in-class for companies with our credit rating. We were opportunistic with an advantageous credit market to increase capacity, providing us with greater flexibility to integrate CWT and execute against our levers for growth, margin expansion and cash generation while maintaining a strong balance sheet.”

About American Express Global Business Travel

American Express Global Business Travel (Amex GBT) is a leading software and services company for travel, expense, and meetings & events. We have built the most valuable marketplace in travel with the most comprehensive and competitive content. A choice of solutions brought to you through a strong combination of technology and people, delivering the best experiences, proven at scale. With travel professionals and business partners in more than 140 countries, our solutions deliver savings, flexibility, and service from a brand you can trust – Amex GBT.

Visit amexglobalbusinesstravel.com for more information about Amex GBT. Follow @amexgbt on LinkedIn and Instagram.

Forward-Looking Statements

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