Sabre (SABR) Announces Commitment of a $665M Private Financing and Cash Tender Offers by Sabre GLBL streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Sabre Corporation Announces Refinancing of Term A Loans and Redemption of Senior Secured Notes
News provided by
Share this article
Share this article
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.