Sabre Corporation Announces Refinancing of Term A Loans and Redemption of Senior Secured Notes
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SOUTHLAKE, Texas, Dec. 17, 2020 /PRNewswire/ -- Sabre Corporation ("Sabre") (Nasdaq: SABR) today announced a refinancing of a portion of its existing indebtedness, including the repayment in full of its Term Loan A credit facility and the satisfaction and discharge of Sabre GLBL Inc.'s 5.250% Senior Secured Notes due November 2023 (the "November 2023 Notes"). Sabre incurred no additional indebtedness as a result of the refinancing above the refinanced amount, other than amounts covering certain interest, fees and expenses. The refinancing has meaningfully improved Sabre's debt maturity profile and preserves its flexibility.