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Sabre Corporation Announces Early Tender Results and Upsize of Previously Announced Cash Tender Offers by Sabre GLBL Inc.
SOUTHLAKE, Texas, June 12, 2023 /PRNewswire/ -- Sabre Corporation ("Sabre") (NASDAQ: SABR) announced today the early tender results of the company's
About this update from Sabre Corporation
[{"type":"text","content":"SOUTHLAKE, Texas, June 12, 2023 /PRNewswire/ -- Sabre Corporation (\"Sabre\") (NASDAQ: SABR) announced today the early tender results of the company's previously announced cash tender offers (the \"Tender Offers\") by Sabre GLBL Inc. (\"Sabre GLBL\"), its wholly owned subsidiary, for Sabre GLBL's securities set forth in the table below (collectively, the \"Securities\"). Sabre further announced that it is amending its Tender Offers to (i) increase the maximum Aggregate Purchase Price (as defined below) from the previously announced amount of $615 million to $650 million and (ii) extend the Tender Offers so that the Tender Offers will now expire at 5:00 p.m., New York City time, on June 27, 2023, unless further extended or earlier terminated. As the Aggregate Purchase Price of all Securities validly tendered and not validly withdrawn in the Tender Offers at or prior to the Early Tender Deadline (as defined below) exceeds $650 million, no Securities tendered after the Early Tender Deadline will be accepted for purchase.\nThe Tender Offers are being made pursuant to the terms and conditions set forth in the offers to purchase, dated May 25, 2023, as amended by this press release (as so amended, the \"Offer to Purchase\"). Except for the increase in the maximum Aggregate Purchase Price and the extension of the Tender Offers as described in this press release, no other terms of the Tender Offers have changed.\nAs of 5:00 p.m., New York City time, on June 9, 2023 (such date and time, the \"Early Tender Deadline\"), according to information provided to D.F. King & Co., Inc., the tender and information agent for the Tender Offers, the aggregate principal amount of each series of Securities listed in the table below has been validly tendered and not validly withdrawn in the Tender Offers. Withdrawal rights for the Securities expired at the Early Tender Deadline and, accordingly, any Securities that were validly tendered may no longer be withdrawn except where additional withdrawal rights are required by law.\nTitle ofSecurity\nCUSIP/ ISINNumber\nPrincipalAmountOutstanding\nAcceptancePriorityLevel(1)\n \nPrincipal Amount Tendered at Early Tender Deadline \nPercentage ofOutstanding Securities Tendered\nTotalConsideration(2)(3)\nAggregate PrincipalAmount Expected tobe Accepted for Purchase\nAggregate Purchase Price(3)\n9.250% Senior Secured...