{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-230898","form_type":"8-K","ticker":"SABR","cik":"0001597033","company_name":"Sabre Corp","filed_at":"2026-05-19T20:31:17+00:00","discovered_at":"2026-05-19T20:32:02.405822+00:00","generated_at":"2026-05-19T20:55:41.096612+00:00","sec_items":["1.01","2.03","3.02","8.01","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Sabre issues $150M 7% exchangeable notes due 2031; repurchases $100M existing notes","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-230898","json":"https://secwatch.observer/filing/0001193125-26-230898.json","markdown":"https://secwatch.observer/filing/0001193125-26-230898.md","text":"https://secwatch.observer/filing/0001193125-26-230898.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1597033/000119312526230898/0001193125-26-230898-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1597033/000119312526230898/d227959d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T20:55:41.096612+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7cbfda5833b85b21d6f75af9493d398d4acbc693","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597033/000119312526230898/0001193125-26-230898-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$150.0 million aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"7.00% per year"},{"label":"Maturity","value":"May 15, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c278ff67b538003b835f4b44d42981f181d2dab2","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597033/000119312526230898/0001193125-26-230898-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$150.0 million aggregate principal amount of 7.00% Exchangeable Senior Notes due 2031"},{"label":"Effective","value":"2026-05-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}