secwatch.observer — SEC 8-K summary
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Issuer:     Sabre Corp (SABR)
CIK:        0001597033
Form:       8-K
Filed at:   2024-03-19T23:59:59+00:00
Accession:  0001193125-24-071471
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597033/000119312524071471/0001193125-24-071471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597033/000119312524071471/d797803d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-071471

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