Sabre Corp (SABR): debt financing — Sabre issues $1.325B 11.125% senior secured notes due 2030; tenders $325M of existing notes

Sabre Corp

Issued $1.325B aggregate principal of 11.125% senior secured notes due 2030; semiannual interest starts Jan 15, 2026.
Net proceeds used to prepay intercompany loan and repurchase $325M of existing 8.625% notes due 2027 via tender offers.
Tender accepted $325M of 8.625% notes at total consideration of $1,035 per $1,000, including early tender premium; proration factor ~57.75%.
Certain subsidiaries sold in Hospitality Solutions Sale not required to guarantee new notes before Oct 15, 2025.
Covenants limit dividends and other payments, potentially impacting common stock dividends.

item 1.01 item 2.03 item 3.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Sabre Corp incurred senior notes of $1.325 billion with Computershare Trust Company, N.A. at 11.125% per year maturing July 15, 2030.

Instrument: senior notes
Principal: $1.325 billion
Counterparty: Computershare Trust Company, N.A.
Rate: 11.125% per year
Maturity: July 15, 2030
Event: incurrence

Exact text from the filing

Sabre GLBL's newly issued 11.125% senior secured notes due 2030 (the "Senior Secured Notes"). The Senior Secured Notes were issued in an aggregate principal amount of $1.325 billion, will pay interest semiannually in arrears on January 15 and July 15 of each year, beginning on January 15, 2026, at a rate of 11.125% per year, and will mature on July 15, 2030.

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Source: SEC EDGAR

accession 0001193125-25-135052

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