Financing ·
Sabre completes $931.6M tender offer and redeems remaining $68.4M of 2029 notes
SABRSabre Corp
Sabre Financial Borrower, LLC settled its previously announced cash tender offer for the outstanding 11.125% Senior Secured Notes due 2029. The company purchased approximately 93.16% of the outstanding notes, representing $931,583,000 in aggregate principal amount. Subsequently, Sabre Financial redeemed the remaining $68,417,000 in notes at a price of 109.250% plus accrued interest. This transaction effectively retires the entire outstanding balance of the 2029 Senior Secured Notes. Sabre Corporation operates in the technology industry, providing software and services for the travel and tourism sector.