---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-153616"
form_type: "8-K"
ticker: "SABR"
cik: "0001597033"
company_name: "Sabre Corp"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:34:55.269180+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sabre obtains $665M commitment from Centerbridge-led lenders, launches $615M tender for existing notes

## Summary
- New senior secured term loan facility of up to $665M, maturing Dec 15, 2028, with floating interest (initial 13% reference rate).
- Tender offers for 9.250% 2025, 7.375% 2025, and 11.250% 2027 notes up to $615M aggregate purchase price.
- Early tender premium $50/$1,000; total consideration $840–$970 per $1,000 depending on series.
- Tender offers expire June 26, 2023; early tender deadline June 9; closing conditioned on definitive docs by July 24.
- Proceeds primarily used to repurchase outstanding secured debt and pay fees; liquidity covenant of $100M.

## SEC filing metadata
- accession: 0001193125-23-153616
- form_type: 8-K
- ticker: SABR
- cik: 0001597033
- company_name: Sabre Corp
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1597033/000119312523153616/0001193125-23-153616-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1597033/000119312523153616/d490581d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-153616
- JSON: https://secwatch.observer/filing/0001193125-23-153616.json
- Plain text: https://secwatch.observer/filing/0001193125-23-153616.txt

## Key facts
- Material Agreements
  Sabre Corp entered into Commitment Letter for Senior Secured Term Loan Facility with lenders led by affiliates of Centerbridge Partners, L.P. valued at $665 million senior secured term loan facility (effective 2023-05-25).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: lenders led by affiliates of Centerbridge Partners, L.P.
  - Value: $665 million senior secured term loan facility
  - Effective: 2023-05-25
  source text: On May 25, 2023, Sabre GLBL, Inc. (“Sabre GLBL”), a wholly-owned subsidiary of Sabre Corporation, entered into a commitment letter (the “Commitment Letter”) with lenders led by affiliates of Centerbridge Partners, L.P. (such lenders collectively, the “Lenders”), pursuant to which the Lenders committed to provide a senior secured term loan facility of up to $665 million (the “Term Loan Facility”) to Sabre Financial Borrower, LLC (the “Borrower”), a Delaware limited liability company and wholly-owned subsidiary of Sabre Corporation, subject to the Borrower using the proceeds from the Term Loan Facility for an intercompany loan (the “New Pari 1L Facility”) to Sabre GLBL.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1597033/000119312523153616/0001193125-23-153616-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.