secwatch.observer — SEC 8-K summary
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Issuer:     Sabre Corp (SABR)
CIK:        0001597033
Form:       8-K
Filed at:   2024-03-08T23:59:59+00:00
Accession:  0001193125-24-063807
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sabre exchanges $43.6M of 2025 notes for $50.1M of 8.625% 2027 notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597033/000119312524063807/0001193125-24-063807-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597033/000119312524063807/d808338d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-063807

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