secwatch.observer — SEC 8-K summary
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Issuer:     Sabre Corp (SABR)
CIK:        0001597033
Form:       8-K
Filed at:   2023-06-08T23:59:59+00:00
Accession:  0001193125-23-163063
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sabre increases senior secured term loan facility to $700M, adds $35M extended commitment
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- Term loan facility increased from $665M to $700M; $35M available as Extended Term Loan Commitments.
- Interest rate: floating based on average highest yield of outstanding third-party debt plus 25 bps cash / 175 bps PIK.
- Prepayment premiums: make-whole before 2nd anniversary; 25% of interest margin between 2nd and 3rd anniversary.
- Proceeds to fund intercompany New Pari 1L Facility and to repurchase existing senior secured notes.
- Lenders: Centerbridge, Oaktree, Oak Hill, JPMorgan; Amendment dated June 7, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597033/000119312523163063/0001193125-23-163063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597033/000119312523163063/d519212d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-163063

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