Sabre Corporation Announces Early Tender Results of Previously Announced Cash Tender Offers by Sabre GLBL Inc.

Core Viewpoint - Sabre Corporation announced early tender results for cash tender offers by its subsidiary Sabre GLBL Inc., with an aggregate purchase price exceeding $336.375 million, leading to the acceptance of certain securities and the expiration of withdrawal rights [1][3][6]. Tender Offer Details - The tender offers will expire on June 17, 2025, and were initiated under the terms set forth in the Offer to Purchase dated May 20, 2025 [2][6]. - As of the Early Tender Deadline on June 3, 2025, a significant amount of securities was validly tendered, with withdrawal rights expiring at that time [3][6]. - The aggregate principal amount of securities tendered includes 8.625% Senior Secured Notes due 2027, which exceeded the maximum tender amount, resulting in a pro-rata acceptance for these notes [7][8]. Securities Information - The tendered securities include: - 8.625% Senior Secured Notes due 2027 with an amount tendered of $563.327 million and an acceptance percentage of 85.77% [4]. - 7.375% Senior Secured Notes due 2025 with an amount tendered of $22.559 million and an acceptance percentage of 96.43% [4]. - 11.250% Senior Secured Notes due 2027 with an amount tendered of $31.986 million and an acceptance percentage of 69.82% [4]. - The total consideration for the accepted 8.625% Notes includes an early tender premium of $50 per $1,000 principal amount [8]. Payment and Conditions - Payment for the accepted securities is expected to occur on June 4, 2025, subject to the satisfaction or waiver of conditions outlined in the Offer to Purchase [6][10]. - Sabre GLBL reserves the right to terminate or amend the tender offers, including extending deadlines or adjusting the maximum aggregate purchase price [9][10].