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.
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.
Max materiality 0.85 · Median 0.70 · Most common event debt