secwatch / observer
8-K filed September 7, 2023, 7:59 PM ET ticker SABR CIK 0001597033
debt confidence high sentiment positive materiality 0.80

Sabre Corp (SABR): debt financing — Sabre exchanges $853M in new 8.625% notes for 2025 debt; reduces 2025 maturities by $1.5B

Sabre Corp

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Sabre Corp incurred senior notes of approximately $853 million with Computershare Trust Company, N.A. at 8.625% per year maturing June 1, 2027.

Instrument
senior notes
Principal
approximately $853 million
Counterparty
Computershare Trust Company, N.A.
Rate
8.625% per year
Maturity
June 1, 2027
Event
incurrence
Exact text from the filing
the 8.625% Senior Secured Notes were issued in an aggregate principal amount of approximately $853 million, will pay interest semiannually in arrears on March 1 and September 1 of each year, beginning on March 1, 2024, at a rate of 8.625% per year, and will mature on June 1, 2027.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sabre Corp entered into 8.625% Secured Notes Indenture with Computershare Trust Company, N.A. valued at approximately $853 million (effective 2023-09-07).

Action
entry
Agreement
notes offering
Counterparty
Computershare Trust Company, N.A.
Value
approximately $853 million
Effective
2023-09-07
Exact text from the filing
on September 7, 2023, Sabre GLBL, Sabre Holdings Corporation (“Holdings”) and certain of Sabre GLBL’s subsidiaries, as guarantors (collectively, with Holdings, the “Guarantors”), and Computershare Trust Company, N.A. (“Computershare”), as trustee and collateral agent, entered into an indenture (the “8.625% Secured Notes Indenture”) governing Sabre GLBL’s newly issued 8.625% Senior Secured Notes.
View on SEC.gov

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Sabre Corp filing history →

Source: SEC EDGAR
accession 0001193125-23-230673
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