Amex GBT Completes $6.3B Take-Private by Long Lake; Delists from NYSE
Summary
Amex GBT's $6.3 billion take-private by Long Lake Management closed today. Shareholders receive $9.50 per share in cash, the stock delists from the NYSE, and the company becomes a private subsidiary of Long Lake.
Key Events · M&A and Partnerships · GBTG
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Merger Completed
Long Lake Management completed its all-cash acquisition of Amex GBT on September 29, 2026, valuing the company at approximately $6.3 billion. Stockholders receive $9.50 per share in cash.
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New $1.75B Credit Facilities
Gaia MidCo Purchaser, Inc. and Parent entered into a credit agreement with JPMorgan Chase Bank providing a $1.5 billion senior secured first-lien term loan (fully drawn) and a $250 million revolving credit facility (undrawn).
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Prior Credit Agreement Terminated
The company repaid all loans and terminated all commitments under its prior Amended and Restated Credit Agreement dated July 26, 2024, with Morgan Stanley Senior Funding as administrative agent.
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NYSE Delisting and Deregistration
The company requested NYSE suspend trading and file Form 25 to delist Class A common stock. It also intends to file Form 15 to terminate registration under Section 12(g) and suspend reporting obligations.
Analysis · GBTG · Energy & Transportation
The $9.50/share all-cash acquisition of Amex GBT by Long Lake Management closed today, September 29, 2026. Stockholders receive $9.50 per share in cash, and the company will delist from the NYSE and deregister its Class A common stock. The deal was financed with a new $1.5 billion term loan (fully drawn) and a $250 million revolving credit facility, replacing the prior credit agreement with Morgan Stanley. All directors resigned at closing, and the certificate of incorporation and bylaws were amended and restated. This is the final step in a transaction that was announced May 4, 2026 and approved by 99.98% of shareholders on August 3, 2026.
How filings like this one have moved
In the 30 days to Oct 16, 2026, 44.9% of the 303 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.26%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GBTG was trading at $9.50 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $5B. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.