Tender Offer - Sabre Corp

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Form Type: 8-K

Filing Date: 2025-06-05

Corporate Action: Tender-offer

Type: Update

Accession Number: 000119312525135052

Filing Summary: On June 4, 2025, Sabre Corp. announced the issuance of 11.125% Senior Secured Notes due 2030, amounting to $1.325 billion, through its subsidiary Sabre GLBL Inc. The notes are secured and will mature on July 15, 2030, with a semiannual interest payment schedule starting January 15, 2026. The company utilized part of the proceeds to repay intercompany loans and repurchase $325 million of its existing Senior Secured Notes in cash tender offers. These notes are guaranteed by Sabre Holdings and certain subsidiaries, with various covenants limiting additional debt and dividend payments. A press release regarding the tender offers was issued on the same date, detailing the purchase of existing 8.625% Senior Secured Notes and other securities as part of a broader refinancing strategy.

Additional details:

Item Name: indenture_date

Item Value: 2025-06-04

Item Name: senior_secured_notes_amount

Item Value: 1.325 billion

Item Name: interest_rate

Item Value: 11.125%

Item Name: note_maturity_date

Item Value: 2030-07-15

Item Name: tender_offer_amount

Item Value: 325 million

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