Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Sabre Corp amended credit facility of from $200 million to $235 million with PNC Bank, N.A., as administrative agent, structuring agent and lender, and various entities advised by affiliates of Centerbridge Partners, L.P. at SOFR (as defined in the RFA), in each case subject to a minimum floor of 0 basis maturing March 2027.
- Instrument
- credit facility
- Principal
- from $200 million to $235 million
- Counterparty
- PNC Bank, N.A., as administrative agent, structuring agent and lender, and various entities advised by affiliates of Centerbridge Partners, L.P.
- Rate
- SOFR (as defined in the RFA), in each case subject to a minimum floor of 0 basis
- Maturity
- March 2027
- Event
- amendment
Exact text from the filing
The Amendment increased the overall size of the AR Facility from $200 million to $235 million, extended its maturity date to March 2027 and removed the early termination provision linked to the final maturity date of other material indebtedness.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Sabre Corp amended Amendment with PNC Bank, N.A. valued at increased the overall size of the AR Facility from $200 million to $235 million (effective 2024-03-29).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- PNC Bank, N.A.
- Value
- increased the overall size of the AR Facility from $200 million to $235 million
- Effective
- 2024-03-29
Exact text from the filing
On March 29, 2024 (the “Amendment Effective Date”), Sabre Securitization, LLC, a special purpose entity (the “SPE”) that is an indirect subsidiary of Sabre Corporation (“Sabre” or the “Company”), entered into an amendment (the “Amendment”) to its accounts receivable securitization facility with PNC Bank, N.A., as administrative agent (the “Administrative Agent”), structuring agent and lender, and various entities advised by affiliates of Centerbridge Partners, L.P. (the “AR Facility”).
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