---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-056936"
form_type: "8-K"
ticker: "SABR"
cik: "0001597033"
company_name: "Sabre Corp"
filed_at: "2024-03-04T23:59:59+00:00"
generated_at: "2026-06-05T04:44:09.106225+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sabre exchanges $150M of 2025 notes for new 2026 notes plus $32.6M cash

## Summary
- Exchanged $150M principal of 4.000% 2025 notes for same principal of new 2026 exchangeable notes and ~$32.6M cash premium.
- New notes mature August 1, 2026; interest rate set at 4.00%-7.50% based on VWAP; initial exchange price $4.50/share (72.4% premium over $2.61).
- Post-exchange, $183M of original 2025 notes remain outstanding; no cash proceeds to Sabre from the transaction.
- New notes are unsecured, guaranteed by Sabre and Sabre Holdings; not redeemable before maturity.
- Holders may engage in hedging activities that could affect Sabre's stock price.

## SEC filing metadata
- accession: 0001193125-24-056936
- form_type: 8-K
- ticker: SABR
- cik: 0001597033
- company_name: Sabre Corp
- filed_at: 2024-03-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1597033/000119312524056936/0001193125-24-056936-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1597033/000119312524056936/d761478d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-056936
- JSON: https://secwatch.observer/filing/0001193125-24-056936.json
- Plain text: https://secwatch.observer/filing/0001193125-24-056936.txt

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