secwatch.observer — SEC 8-K summary
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Issuer:     Sabre Corp (SABR)
CIK:        0001597033
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0001193125-24-268887
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597033/000119312524268887/0001193125-24-268887-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597033/000119312524268887/d868588d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-268887

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