Sabre exchange offers attract 91% of 7.375% notes and 63% of 9.25% notes; $842M in new 8.625% notes due 2027

Sabre Corp

91.31% of $850M 7.375% Senior Secured Notes due 2025 tendered; 62.87% of $104.9M 9.25% notes tendered.
Minimum new-notes issuance condition of $250M satisfied; expected settlement Sept 7, 2023.
Sabre GLBL to pay $113.7M cash and deliver $842.1M in new 8.625% Senior Secured Notes due 2027.
Exchange extends near-term maturities (due 2025) to 2027 at a higher blended coupon rate.
New notes are unregistered; offer limited to QIBs and non-U.S. persons.

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