Highest-materiality recent filing
Sabre issues $150M 7% exchangeable notes due 2031; repurchases $100M existing notes
$150M 7% exchangeable notes due 2031 issued by Sabre GLBL, guaranteed by Sabre and Sabre Holdings.
Sabre Q1 revenue up 8% to $760M, Normalized Adj EBITDA up 21% to $169M; reaffirms FY guidance
Operating income $116M (+27% YoY); net income $8M vs $35M prior year due to discontinued ops.
Sabre appoints Constellation Software exec to board; ends poison pill
Appoints Damian McKay (CEO Vela Software, Constellation division) to Sabre board; effective within 10 business days.
Board adopted one-year rights plan effective March 1, 2026; triggers at 15% (20% for passive) ownership.
Sabre Q4 revenue $667M, adj. EBITDA $110M; guides FY26 ~$585M
Q4 revenue $667M (+3% YoY); net loss $103M vs loss $75M; adjusted EBITDA $110M (+12%).
Exchange offers expired Dec 19, 2025: $240.2M of 8.625% notes and $44.3M of 11.25% notes tendered.
Sabre Corp completes $1B debt issuance, exchange offer, and term loan refinancing
Issued $1B aggregate principal of 11.125% senior secured notes due 2029 via subsidiary Sabre Financial Borrower.
$1B aggregate principal of 11.125% Senior Secured Notes due 2029 issued by subsidiary Sabre Financial, closing expected Dec 5, 2025.
Sabre Q3 revenue $715M (+3% YoY), Adj EBITDA $141M (+25%); repaid $825M debt
Revenue $715M (+3% YoY); Distribution $575M (+4%), IT Solutions $140M (flat).
Sabre Q2 revenue down 1% to $687M, net loss $256M; closes Hospitality sale for $1.1B
Revenue $687M (-1% YoY); operating income $89M (13% margin, +6pp YoY); net loss $256M vs $70M Q2 2024 loss.
Sabre closes sale of Hospitality Solutions to TPG for $1.1B; net proceeds $960M to reduce debt
Sale of Hospitality Solutions business completed on July 3, 2025 for $1.1 billion cash, $960 million net of taxes and fees.
Sabre issues $1.325B 11.125% senior secured notes due 2030; tenders $325M of existing notes
Issued $1.325B aggregate principal of 11.125% senior secured notes due 2030; semiannual interest starts Jan 15, 2026.
Sabre GLBL upsizes senior secured notes to $1.325B at 11.125% due 2030
Offering upsized by $350M from $975M to $1.325B aggregate principal.
Sabre files pro forma for $1.1B hospitality sale, announces $975M notes offering
Hospitality Solutions sale to TPG for ~$1.1B expected to close by end of Q3 2025; net proceeds to repay ~$823M debt.
Sabre Q1 revenue $777M (-1% YoY); sells Hospitality Solutions for $1.1B, reaffirms FY outlook
Q1 revenue $777M (-1% YoY); net income $35M vs loss $71M; adjusted EBITDA $150M (+5%).
Sabre sells Hospitality Solutions to TPG for $1.1B cash; net ~$960M to pay down debt
TPG will acquire Sabre's Hospitality Solutions business for $1.1B in cash via TPG Capital.
Sabre Q4 revenue up 4% to $715M, full-year net loss narrows; guides FY2025 Adj EBITDA >$700M
Q4 revenue $715M (+4% YoY), operating income $57M (from $37M), net loss $75M vs $96M loss.
Sabre subsidiary issues ~$800M 10.750% notes due 2029, extends term loans to 2029
Sabre GLBL issued ~$800M aggregate principal of 10.750% Senior Secured Notes due Nov 15, 2029, via exchange offers.
Sabre GLBL offers to exchange up to $500M of 10.75% notes due 2029 for existing 2027 notes
Exchange offers cover $555M of 11.250% notes and $903M of 8.625% notes, both due 2027.
Sabre Q3 revenue $765M (+3% YoY); net loss narrows to $63M from $212M; Adj EBITDA $131M (+19%)
Net loss attributable to common stockholders $63M ($0.16 loss per share) vs $212M loss ($0.61) YoY.
Sabre Q2 revenue $767M +4%; beats guidance, raises FY2024 outlook
Q2 revenue $767M (+4% YoY); Adjusted EBITDA $129M (+76% from $73M); operating income $61M (vs -$42M loss).
Sabre Q1 beats guidance: revenue $783M, Adj EBITDA $142M; raises FY 2024 outlook
Revenue $783M (+5% YoY); operating income $98M vs breakeven in Q1'23; net loss $71M vs $104M.
Sabre increases AR facility to $235M, reduces 2025 debt maturities by $300M, adds $70M liquidity
AR facility expanded from $200M to $235M; maturity extended to March 2027.
Sabre GLBL issues $150M 7.32% exchangeable notes due 2026, replaces 4% notes
Exchanged $150M of 4.00% notes due 2025 for new 7.32% notes due 2026 plus $32.6M cash.
Sabre exchanges $150M of 2025 notes for new 2026 notes plus $32.6M cash
Exchanged $150M principal of 4.000% 2025 notes for same principal of new 2026 exchangeable notes and ~$32.6M cash premium.
Sabre reports Q4 rev $687M (+9% YoY); FY rev $2.9B (+15%); guides FY24 rev ~$3.0B, Adj EBITDA >$500M
Q4 revenue $687M (+9% YoY); net loss $96M ($0.26/share); adjusted EBITDA $96M vs $1M prior year.
Sabre Q3 revenue up 12% to $740M; first operating income since Q4 2019; raises FY23 Adj. EBITDA view
Q3 revenue $740M (+12% YoY); operating income $52M vs. ($57M) loss; first positive quarterly operating income since Q4 2019.
Sabre exchanges $853M in new 8.625% notes for 2025 debt; reduces 2025 maturities by $1.5B
Exchanged ~$853M aggregate principal of new 8.625% Senior Secured Notes due 2027 for ~$853M of Existing Notes plus $115M cash.
91.31% of $850M 7.375% Senior Secured Notes due 2025 tendered; 62.87% of $104.9M 9.25% notes tendered.
Sabre launches exchange offers for up to $955M of 2025 notes to extend maturity to 2027
Exchange offer for $850M 7.375% and $104.9M 9.25% senior secured notes due 2025.
Sabre Q2 beats guidance, raises FY23 Adj EBITDA outlook to ~$340M from $300-320M
Q2 revenue $738M (+12% YoY); net loss $129M ($0.39 loss per share) vs $193M loss a year ago.
Sabre closes $700M senior secured term loan, repurchases $670M of 2025 notes
$700M term loan from Centerbridge-led lenders matures Dec 15, 2028; interest at Reference Rate + 25-175 bps; PIK toggle through 2025.
Sabre increases senior secured term loan facility to $700M, adds $35M extended commitment
Term loan facility increased from $665M to $700M; $35M available as Extended Term Loan Commitments.
New senior secured term loan facility of up to $665M, maturing Dec 15, 2028, with floating interest (initial 13% reference rate).
Sabre Q1 revenue up 27% to $743M, net loss $104M; new CEO and $200M cost-cut plan
Revenue $743M (+27% YoY); travel bookings up 49% vs Q1'22; adjusted EBITDA $58M (vs $5M).
On May 20, 2026, Sabre Corporation (“Sabre”) designated Scott Hortenstine, currently Vice President of Global Accounting, to be its principal accounting officer and to serve as its Vice President and Controller, effective July 1, 2026.
On February 6, 2025, Sabre Corporation (“Sabre”) announced that Karl Peterson will be retiring from the Board, as well as from all Board committees on which he sits, effective immediately prior to Sabre’s 2025 Annual Meeting of Stockholders, which is scheduled to be held on April 23, 2025.
On October 16, 2024, Sabre Corporation (“Sabre”) announced that that Sabre’s Board of Directors (the “Board”) has elected Eric Kelly as a director, effective January 1, 2025.
On September 3, 2024, Sabre Corporation (“Sabre”) approved Ann Bruder’s ceasing to serve as Executive Vice President and Chief Legal Officer of Sabre, effective as of September 13, 2024.
That same day, Mr. Saretsky resigned from the Board, as well as from all Board committees on which he sits.
Gail Mandel has been elected non-executive Chair of the Board of Directors.
Sabre’s Board of Directors has designated Mr. Menke to serve as Special Advisor to the Chief Executive Officer and the Board of Directors of Sabre (“Special Advisor”), pursuant to the terms of Mr. Menke’s employment agreement with Sabre GLBL Inc., dated February 28, 2023.
Sean Menke, current Executive Chair of the Board of Directors, notified Sabre on March 1, 2024 of his decision to retire from the Board of Directors effective immediately prior to the Annual Meeting.
On February 8, 2024, Sabre Corporation (“Sabre”) announced that that Sabre’s Board of Directors (the “Board”) has elected Elaine Paul as a director, effective February 16, 2024.
Also on February 8, 2024, Sabre announced that Rachel Gonzalez and Zane Rowe will be retiring from the Board, as well as from all Board committees on which they sit, effective February 16, 2024.
Also on February 8, 2024, Sabre announced that Rachel Gonzalez and Zane Rowe will be retiring from the Board, as well as from all Board committees on which they sit, effective February 16, 2024.
On May 8, 2023, Sabre Corporation (“Sabre”) approved David Moore’s ceasing to serve as Executive Vice President and Chief Technology Officer of Sabre, effective as of May 8, 2023.
Max materiality 0.90 · Median 0.68 · Most common event debt