secwatch.observer — SEC 8-K summary
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Issuer:     Sabre Corp (SABR)
CIK:        0001597033
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001193125-23-042021
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sabre Corp subsidiary enters $200M AR securitization facility with PNC Bank
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597033/000119312523042021/0001193125-23-042021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597033/000119312523042021/d451065d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-042021

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