Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Sabre Corp incurred credit facility of up to $200 million with PNC Bank, N.A. at SOFR plus a drawn fee initially in the amount of 225 bps maturing February 2026.
- Instrument
- credit facility
- Principal
- up to $200 million
- Counterparty
- PNC Bank, N.A.
- Rate
- SOFR plus a drawn fee initially in the amount of 225 bps
- Maturity
- February 2026
- Event
- incurrence
Exact text from the filing
On February 14, 2023 (the “Closing Date”), Sabre Securitization, LLC, a special purpose entity (the “SPE”) that is an indirect subsidiary of Sabre Corporation (“Sabre” or the “Company”), entered into a three-year committed accounts receivable securitization facility (the “AR Facility”) of up to $200 million with PNC Bank, N.A., as administrative agent (the “Administrative Agent”), structuring agent and lender.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Sabre Corp entered into Receivables Financing Agreement with PNC Bank, N.A. valued at up to $200 million (effective 2023-02-14).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- PNC Bank, N.A.
- Value
- up to $200 million
- Effective
- 2023-02-14
Exact text from the filing
On February 14, 2023 (the “Closing Date”), Sabre Securitization, LLC, a special purpose entity (the “SPE”) that is an indirect subsidiary of Sabre Corporation (“Sabre” or the “Company”), entered into a three-year committed accounts receivable securitization facility (the “AR Facility”) of up to $200 million with PNC Bank, N.A., as administrative agent (the “Administrative Agent”), structuring agent and lender.
View on SEC.gov