{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-042021","form_type":"8-K","ticker":"SABR","cik":"0001597033","company_name":"Sabre Corp","filed_at":"2023-02-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.764512+00:00","generated_at":"2026-06-19T08:02:10.410220+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Sabre Corp subsidiary enters $200M AR securitization facility with PNC Bank","bullets":["Sabre Securitization LLC, indirect subsidiary, entered three-year committed AR facility of up to $200M with PNC Bank.","Borrowings bear interest at SOFR plus 225 bps drawn fee; fee varies based on Sabre's leverage.","Facility secured by substantially all accounts receivable of certain Sabre subsidiaries sold to the SPE.","Facility scheduled to terminate in February 2026; proceeds used to finance receivables purchases.","Initial borrowing subject to conditions including sale agreements and delivery of legal opinions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-042021","json":"https://secwatch.observer/filing/0001193125-23-042021.json","markdown":"https://secwatch.observer/filing/0001193125-23-042021.md","text":"https://secwatch.observer/filing/0001193125-23-042021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1597033/000119312523042021/0001193125-23-042021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1597033/000119312523042021/d451065d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T08:02:10.410220+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d0c18c795113159709729ca2f35b4b0479e376bd","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597033/000119312523042021/0001193125-23-042021-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to $200 million"},{"label":"Counterparty","value":"PNC Bank, N.A."},{"label":"Rate","value":"SOFR plus a drawn fee initially in the amount of 225 bps"},{"label":"Maturity","value":"February 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"7f6a9daab168ef389374cef708f9f8fcf3906872","claim":"Sabre Corp entered into Receivables Financing Agreement with PNC Bank, N.A. valued at up to $200 million (effective 2023-02-14).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597033/000119312523042021/0001193125-23-042021-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PNC Bank, N.A."},{"label":"Value","value":"up to $200 million"},{"label":"Effective","value":"2023-02-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}