---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-071471"
form_type: "8-K"
ticker: "SABR"
cik: "0001597033"
company_name: "Sabre Corp"
filed_at: "2024-03-19T23:59:59+00:00"
generated_at: "2026-06-04T13:23:24.164856+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sabre GLBL issues $150M 7.32% exchangeable notes due 2026, replaces 4% notes

## Summary
- Exchanged $150M of 4.00% notes due 2025 for new 7.32% notes due 2026 plus $32.6M cash.
- New notes are senior unsecured, guaranteed by Sabre Corp and Sabre Holdings.
- Initial exchange rate: 222.2222 shares per $1,000 principal, equal to $4.50 per share.
- Private placement under Section 4(a)(2); exchange may require up to 57.5M shares in make-whole scenario.
- Holders can require repurchase upon a Fundamental Change; notes not redeemable before maturity.

## SEC filing metadata
- accession: 0001193125-24-071471
- form_type: 8-K
- ticker: SABR
- cik: 0001597033
- company_name: Sabre Corp
- filed_at: 2024-03-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1597033/000119312524071471/0001193125-24-071471-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1597033/000119312524071471/d797803d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-071471
- JSON: https://secwatch.observer/filing/0001193125-24-071471.json
- Plain text: https://secwatch.observer/filing/0001193125-24-071471.txt

## Key facts
- Debt Financings
  Sabre Corp incurred convertible notes of $150.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 7.32% per year maturing August 1, 2026.
  - Instrument: convertible notes
  - Principal: $150.0 million aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 7.32% per year
  - Maturity: August 1, 2026
  - Event: incurrence
  source text: Agreement In connection with the previously announced exchange (the “Exchange”) by Sabre GLBL Inc. (“Sabre GLBL”), a wholly-owned subsidiary of Sabre Corporation (“Sabre”), of $150.0 million aggregate principal amount of its outstanding 4.000% Exchangeable Senior Notes due 2025 (the “Existing Exchangeable Notes”) for $150.0 million aggregate principal amount of Sabre
  evidence_url: https://www.sec.gov/Archives/edgar/data/1597033/000119312524071471/0001193125-24-071471-index.htm
- Material Agreements
  Sabre Corp entered into New Exchangeable Notes Indenture with U.S. Bank Trust Company, National Association valued at $150.0 million aggregate principal amount (effective 2024-03-19).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $150.0 million aggregate principal amount
  - Effective: 2024-03-19
  source text: In connection with the previously announced exchange (the “Exchange”) by Sabre GLBL Inc. (“Sabre GLBL”), a wholly-owned subsidiary of Sabre Corporation (“Sabre”), of $150.0 million aggregate principal amount of its outstanding 4.000% Exchangeable Senior Notes due 2025 (the “Existing Exchangeable Notes”) for $150.0 million aggregate principal amount of Sabre GLBL’s newly-issued 7.32% Exchangeable Senior Notes due 2026 (the “New Exchangeable Notes”) and approximately $32.6 million of cash, Sabre GLBL, as issuer, and Sabre and Sabre Holdings Corporation (“Sabre Holdings”), as guarantors, and U.S. Bank Trust Company, National Association, as trustee, entered into an indenture, dated March 19, 2024 (the “New Exchangeable Notes Indenture”), governing the New Exchangeable Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1597033/000119312524071471/0001193125-24-071471-index.htm

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