---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-086079"
form_type: "8-K"
ticker: "SABR"
cik: "0001597033"
company_name: "Sabre Corp"
filed_at: "2024-04-03T23:59:59+00:00"
generated_at: "2026-06-04T02:51:09.482286+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sabre increases AR facility to $235M, reduces 2025 debt maturities by $300M, adds $70M liquidity

## Summary
- AR facility expanded from $200M to $235M; maturity extended to March 2027.
- Drawn amount increased from ~$120M to ~$232M; incremental cash used for balance sheet.
- Combined with recent debt exchanges, reduced 2025 funded debt maturities by over $300M.
- Refinanced ~$1.832B (approx. 90%) of 2025 maturities through 2023 and recent transactions.

## SEC filing metadata
- accession: 0001193125-24-086079
- form_type: 8-K
- ticker: SABR
- cik: 0001597033
- company_name: Sabre Corp
- filed_at: 2024-04-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1597033/000119312524086079/0001193125-24-086079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1597033/000119312524086079/d766330d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-086079
- JSON: https://secwatch.observer/filing/0001193125-24-086079.json
- Plain text: https://secwatch.observer/filing/0001193125-24-086079.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1597033/000119312524086079/0001193125-24-086079-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1597033/000119312524086079/0001193125-24-086079-index.htm

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