debt
confidence high
sentiment neutral
materiality 0.65
Sabre GLBL upsizes senior secured notes to $1.325B at 11.125% due 2030
Sabre Corp
- Offering upsized by $350M from $975M to $1.325B aggregate principal.
- Notes pay 11.125% semi-annual interest; mature July 15, 2030.
- Proceeds to prepay intercompany loan and fully repay Sabre Financial's 2028 term loan.
- Remaining proceeds used to prepay, redeem or repurchase other debt.
- Sabre GLBL intends to launch tender offers for existing notes up to $336.375M.
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