Sabre Corp (SABR): debt financing — Sabre issues $150M 7% exchangeable notes due 2031; repurchases $100M existing notes

Sabre Corp

$150M 7% exchangeable notes due 2031 issued by Sabre GLBL, guaranteed by Sabre and Sabre Holdings.
Proceeds used to repurchase $100M of existing 7.32% notes due 2026 at par; remaining $50M to be retired.
Initial exchange price ~$2.24/share, 30% premium over May 13 close of $1.72. Exchange rate: 447.2272 shares/$1,000.
Notes not redeemable until May 2029; holders can require repurchase on May 15, 2029 or upon fundamental change.
Private placement to QIBs and accredited investors; no incremental debt from the transaction.

item 1.01 item 2.03 item 3.02 item 8.01 item 7.01 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 convertible notes of $150.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 7.00% per year maturing May 15, 2031.

Instrument: convertible notes
Principal: $150.0 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 7.00% per year
Maturity: May 15, 2031
Event: incurrence

Exact text from the filing

On May 18, 2026, Sabre GLBL Inc. (“Sabre GLBL”), a wholly-owned subsidiary of Sabre Corporation (“Sabre”), issued $150.0 million aggregate principal amount of 7.00% Exchangeable Senior Notes due 2031 (the “New Exchangeable Notes”) under an indenture, dated May 18, 2026 (the “New Exchangeable Notes Indenture”), among Sabre GLBL, as issuer, and Sabre and Sabre Holdings Corporation (“Sabre Holdings”), as guarantors, and U.S. Bank Trust Company, National Association, as trustee.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sabre Corp entered into New Exchangeable Notes Indenture with U.S. Bank Trust Company, National Association valued at $150.0 million aggregate principal amount of 7.00% Exchangeable Senior Notes due 2031 (effective 2026-05-18).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $150.0 million aggregate principal amount of 7.00% Exchangeable Senior Notes due 2031
Effective: 2026-05-18

Exact text from the filing

On May 18, 2026, Sabre GLBL Inc. (“Sabre GLBL”), a wholly-owned subsidiary of Sabre Corporation (“Sabre”), issued $150.0 million aggregate principal amount of 7.00% Exchangeable Senior Notes due 2031 (the “New Exchangeable Notes”) under an indenture, dated May 18, 2026 (the “New Exchangeable Notes Indenture”), among Sabre GLBL, as issuer, and Sabre and Sabre Holdings Corporation (“Sabre Holdings”), as guarantors, and U.S. Bank Trust Company, National Association, as trustee.

View on SEC.gov

100 debt financings filed in the last 30 days. Browse all debt financings →

Sabre Corp filing history →

Source: SEC EDGAR

accession 0001193125-26-230898

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.