Financing ·
Prices $1.35B of 9.875% Senior Secured Notes due 2032; launches tender offers for up to $1.25B in existing debt
SABRSabre Corp
Sabre Corp announced the pricing of an upsized $1.35 billion offering of 9.875% Senior Secured Notes due October 15, 2032, maturing in 2032 with semi-annual interest payments and a closing expected on September 28, 2026. Proceeds will fund the repayment of existing intercompany loans and facilitate cash tender offers for outstanding debt. Sabre Financial Borrower LLC commenced a tender offer to purchase all $1 billion of its 11.125% Senior Secured Notes due 2029 at up to $1,042.50 per $1,000 principal amount, including an early tender premium, with consent solicitation for indenture amendments. Concurrently, Sabre GLBL Inc. launched tender offers for up to $250 million of its senior secured notes due 2029 and 2030 at prices ranging from $975.00 to $992.50 per $1,000 principal amount. These transactions aim to refinance existing indebtedness and modify restrictive covenants. Sabre operates in the travel technology industry, providing AI-driven solutions for airlines, hotels, and agencies.