debt
confidence high
sentiment neutral
materiality 0.70
Sabre upsizes secured notes to $1.35B at 9.875% due 2032; launches tender offers
Sabre Corp
- Priced $1.35B 9.875% Senior Secured Notes due 2032, upsized from $1.1B; closing expected Sept 28, 2026.
- Tender offer for 11.125% notes due 2029: $1,042.50 per $1,000 (incl. $50 early premium) totaling $1,092.50; expires Oct 12, 2026.
- Early tender deadline Sept 25, 2026; consents sought to eliminate most restrictive covenants and certain defaults.
- Sabre GLBL launches tender offers up to $250M for 10.75% due 2029 ($992.50), 10.75% due 2030 ($980), 11.125% due 2030 ($975).
- Proceeds fund intercompany loan; prepay existing loans and repurchase outstanding 11.125% notes and GLBL notes.