Sabre Corp (SABR): debt financing — Sabre exchanges $43.6M of 2025 notes for $50.1M of 8.625% 2027 notes

Sabre Corp

Exchanged $36.2M in 7.375% notes due 2025 and $7.4M in 9.250% notes due 2025 for $50.1M in additional 8.625% notes due 2027 plus $256K cash for accrued interest.
No cash proceeds received; exchange based on privately negotiated agreements with qualified institutional buyers.
Post-exchange, outstanding 7.375% notes due 2025: ~$26.8M; 9.250% notes due 2025: ~$31.5M; 2027 notes total: ~$903.1M.
2027 notes mature June 1, 2027, bear 8.625% interest, redeemable at 104.313% from March 1, 2025.
Notes are senior secured, rank equally with existing senior secured debt, and are guaranteed by Sabre Holdings and restricted subsidiaries.

item 1.01 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Sabre Corp incurred senior notes of $50.1 million with Computershare Trust Company, N.A. at 8.625% maturing 2027.

Instrument: senior notes
Principal: $50.1 million
Counterparty: Computershare Trust Company, N.A.
Rate: 8.625%
Maturity: 2027
Event: incurrence

Exact text from the filing

Sabre GLBL issued approximately $50.1 million in additional aggregate principal amount of its 8.625% Senior Secured Notes due 2027

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sabre Corp entered into First Supplemental Indenture with Computershare Trust Company, N.A. valued at approximately $50.1 million (effective 2024-03-07).

Action: entry
Agreement: notes offering
Counterparty: Computershare Trust Company, N.A.
Value: approximately $50.1 million
Effective: 2024-03-07

Exact text from the filing

Sabre GLBL issued approximately $50.1 million in additional aggregate principal amount of its 8.625% Senior Secured Notes due 2027

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299 debt financings filed in the last 30 days. Browse all debt financings →

Sabre Corp filing history →

Source: SEC EDGAR

accession 0001193125-24-063807

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