secwatch.observer — SEC 8-K summary
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Issuer:     Sabre Corp (SABR)
CIK:        0001597033
Form:       8-K
Filed at:   2023-05-19T23:59:59+00:00
Accession:  0001193125-23-149378
Event type: debt
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597033/000119312523149378/0001193125-23-149378-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597033/000119312523149378/d470842d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-149378

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