Sabre amends credit facility to replace LIBOR with Term SOFR for term loans

Sabre Corp

Amendment No. 5 replaces LIBOR with Term SOFR for 2021 Other Term B-1 and B-2 loans.
SOFR loans carry a 3.50% margin; base rate loans carry 2.50% margin with a 0.50% floor.
The change applies after the current interest period ends; no new borrowing or maturity change.
Conditions precedent included borrower and administrative agent signatures and fee payment.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sabre Corp amended SOFR Amendment with Bank of America, N.A. (effective 2023-05-16).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A.
Effective: 2023-05-16

Exact text from the filing

On May 16, 2023, Sabre GLBL Inc. (the “Borrower”), a wholly-owned subsidiary of Sabre Corporation (“Sabre,” the “Corporation,” “we,” “us,” or “our”), entered into the SOFR Amendment (as defined below), dated May 16, 2023, amending the Borrower’s senior secured credit facilities.

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Source: SEC EDGAR

accession 0001193125-23-149378

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