Sabre subsidiary issues ~$800M 10.750% notes due 2029, extends term loans to 2029

Sabre Corp

Sabre GLBL issued ~$800M aggregate principal of 10.750% Senior Secured Notes due Nov 15, 2029, via exchange offers.
Exchanged $775M of existing term loans for new term loans maturing Nov 15, 2029 at SOFR+600 bps.
Privately exchanged $21.1M of 9.250% notes and $3.4M of 7.375% notes for $24.7M additional 10.750% notes.
New notes rank pari passu with existing senior secured debt and are secured by first-priority liens.
Indenture covenants limit dividends and other restricted payments, subject to exceptions and investment-grade suspension.

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