---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-230673"
form_type: "8-K"
ticker: "SABR"
cik: "0001597033"
company_name: "Sabre Corp"
filed_at: "2023-09-07T23:59:59+00:00"
generated_at: "2026-06-10T22:49:31.327307+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sabre exchanges $853M in new 8.625% notes for 2025 debt; reduces 2025 maturities by $1.5B

## Summary
- Exchanged ~$853M aggregate principal of new 8.625% Senior Secured Notes due 2027 for ~$853M of Existing Notes plus $115M cash.
- Over 89% of consolidated 2025 debt maturities refinanced; combined with prior tender, total 2025 maturities reduced by over $1.5B.
- New notes mature June 2027, bear 8.625% interest, redeemable at 104.313% starting March 2025.
- Transaction strengthens balance sheet flexibility, per CFO Mike Randolfi.
- Approximately $787M of 7.375% notes and $66M of 9.250% notes were exchanged.

## SEC filing metadata
- accession: 0001193125-23-230673
- form_type: 8-K
- ticker: SABR
- cik: 0001597033
- company_name: Sabre Corp
- filed_at: 2023-09-07T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1597033/000119312523230673/0001193125-23-230673-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1597033/000119312523230673/d495101d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-230673
- JSON: https://secwatch.observer/filing/0001193125-23-230673.json
- Plain text: https://secwatch.observer/filing/0001193125-23-230673.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1597033/000119312523230673/0001193125-23-230673-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1597033/000119312523230673/0001193125-23-230673-index.htm

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