secwatch.observer — SEC 8-K summary
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Issuer:     Sabre Corp (SABR)
CIK:        0001597033
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001597033-25-000059
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sabre Q1 revenue $777M (-1% YoY); sells Hospitality Solutions for $1.1B, reaffirms FY outlook
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- Q1 revenue $777M (-1% YoY); net income $35M vs loss $71M; adjusted EBITDA $150M (+5%).
- Agreed to sell Hospitality Solutions to TPG for $1.1B cash; net proceeds ~$960M to repay debt; close expected by end of Q3 2025.
- Reaffirmed FY2025 outlook: double digit distribution bookings growth, high single digit revenue growth, pro forma FCF >$200M.
- Pro forma FY2025 adjusted EBITDA >$630M; net leverage target ~5.4x after transaction.
- Travel Solutions revenue $702M (-2%); Hospitality Solutions revenue $85M (+8%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597033/000159703325000059/0001597033-25-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597033/000159703325000059/sabr-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001597033-25-000059

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