Sabre Corporation Announces Offering of Senior Secured Notes
SOUTHLAKE, Texas, May 19, 2025 /PRNewswire/ -- Sabre Corporation ("Sabre") (NASDAQ:SABR) today announced an offering by its wholly-owned subsidiary Sabre GLBL Inc. ("Sabre GLBL") of $975,000,000 aggregate principal amount of senior secured notes (the "Secured Notes"). The precise timing, size and terms of the offering are subject to market conditions and other factors. No assurance can be made that the offering will be consummated on the proposed terms or at all. The Secured Notes will be guaranteed by Sabre Holdings Corporation and each subsidiary that borrows under, or guarantees, Sabre GLBL's senior secured credit facilities (subject to certain exceptions). The Secured Notes and the related note guarantees will be secured, subject to permitted liens, by a first-priority security interest in substantially all property and assets of Sabre GLBL and the guarantors, subject to customary exclusions.Sabre expects to use the net proceeds from the sales of the Secured Notes to prepay Sabre GLBL's outstanding borrowings under an intercompany loan agreement with Sabre Financial Borrower, LLC (which would apply them toward full prepayment of Sabre Financial Borrower, LLC's senior secured term loan due 2028), and any remaining amounts ...Full story available on Benzinga.com
