Sabre GLBL offers to exchange up to $500M of 10.75% notes due 2029 for existing 2027 notes

Sabre Corp

Exchange offers cover $555M of 11.250% notes and $903M of 8.625% notes, both due 2027.
New 10.750% Senior Secured Notes due 2029 offered; exchange consideration up to $1,082.50 per $1,000 principal for December 2027 notes.
Early exchange deadline Nov 21, 2024; offers expire Dec 9, 2024; minimum New Notes issuance $250M.
Concurrent term loan exchange: up to $375M of Old Term Loans for new 2029 term loans.
Purpose: extend debt maturity profile from 2027 to 2029; no cash proceeds received.

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