secwatch.observer — SEC 8-K summary
======================================

Issuer:     Sabre Corp (SABR)
CIK:        0001597033
Form:       8-K
Filed at:   2026-09-28T21:26:19+00:00
Accession:  0001193125-26-405576
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.03, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Sabre issues $1.35B of 9.875% secured notes due 2032; repurchases $930.7M of 11.125% 2029 SPV notes
--------------------------------------------------------------------------------

- Sabre Financial Borrower issued $1.35B of 9.875% Senior Secured Notes due 2032, secured by first-priority liens and guaranteed by Sabre Financing and, up to $400M, certain foreign units.
- Sabre GLBL repurchased $251,888,000 of its 10.750% notes due 2029 for a total $260,002,641.89; no 10.750% 2030 or 11.125% 2030 notes were accepted.
- Sabre Financial repurchased $930,682,000 (93.07%) of its 11.125% notes due 2029 for $1,046,393,563.80, including $1,016,770,085 principal/premium and $29,623,478.80 interest.
- Remaining $69,318,000 of 2029 SPV Notes will be redeemed Oct. 13, 2026 at 109.250%; total redemption price $78,257,615.13, and the 2029 indenture was satisfied and discharged.
- The SPV Notes indenture limits Sabre Financial's ability to pay dividends, which may affect Sabre common stockholders' ability to receive dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597033/000119312526405576/0001193125-26-405576-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597033/000119312526405576/d435567d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-405576

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer