Business
Sabre Announces Issuance of $150.0 Million of 7.00% Exchangeable Senior Notes due 2031
SOUTHLAKE, Texas, May 14, 2026 /PRNewswire/ -- Sabre Corporation ("Sabre") today announced the issuance of a new series of 7.00% Exchangeable Senior Notes due
About this update from Sabre Corporation
[{"type":"text","content":"SOUTHLAKE, Texas, May 14, 2026 /PRNewswire/ -- Sabre Corporation (\"Sabre\") today announced the issuance of a new series of 7.00% Exchangeable Senior Notes due 2031 in an aggregate principal amount of $150.0 million (the \"New Exchangeable Notes\") by Sabre GLBL Inc., its wholly-owned subsidiary (\"Sabre GLBL\"), that will be fully and unconditionally guaranteed by Sabre and Sabre Holdings Corporation, its wholly-owned subsidiary (\"Sabre Holdings\" and, together with Sabre and Sabre GLBL, the \"Sabre Entities\").As part of the transaction, the Sabre Entities have entered into privately negotiated purchase agreements (the \"Purchase Agreements\") with certain investors who are qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the \"Securities Act\"), and institutional accredited investors. Certain of these investors are existing stockholders of Sabre. Pursuant to the Purchase Agreements, the investors will purchase $150.0 million in aggregate principal amount of New Exchangeable Notes for gross proceeds to Sabre GLBL of $150.0 million. Substantially concurrently with the issuance of the New Exchangeable Notes, the Sabre Entities intend to use a portion of the net proceeds to fund the repurchase of $100.0 million in aggregate principal amount of Sabre GLBL's outstanding 7.32% exchangeable senior notes due 2026 (the \"Existing Exchangeable Notes\"), at par plus accrued and unpaid interest. The Sabre Entities intend to use the remaining net proceeds to repay, repurchase or otherwise retire from time to time the remaining Existing Exchangeable Notes, ultimately resulting in no incremental indebtedness being incurred as a result of this transaction.The issuance of the New Exchangeable Notes is expected to settle on or about May 18, 2026, subject to customary closing conditions.The New Exchangeable Notes will be senior, unsecured obligations of Sabre GLBL. The New Exchangeable Notes will accrue interest payable semi-annually in arrears on May 15 and November 15 of each year, beginning on November 15, 2026, at a rate of 7.00% per year. The New Exchangeable Notes will mature on May 15, 2031 (the \"Maturity Date\"), unless earlier repurchased, redeemed or exchanged. Before November 15, 2030, noteholders will have the right to exchange their New Exchangeable Notes only upon the occurrence ...