Sabre Corporation Announces Pricing of Senior Secured Notes Offering

Core Viewpoint - Sabre Corporation has priced an offering of $1 billion in 11.125% Senior Secured Notes due 2029, with the offering expected to close on December 5, 2025 [1][2]. Group 1: Offering Details - The Secured Notes will pay interest semi-annually at a rate of 11.125% per year and will mature on June 15, 2029 [2]. - The offering is guaranteed by Sabre Financing Holdings LLC and certain foreign subsidiaries, with a secured basis up to $400 million [2]. - The Secured Notes will be secured by a first-priority security interest in substantially all present and future property and assets of the Foreign Guarantors, along with a pledge of loan receivables and equity interests [2]. Group 2: Use of Proceeds - The gross proceeds from the sale of the Secured Notes will be used to fund an intercompany loan to Sabre GLBL, Inc. [3]. - Sabre GLBL intends to use these proceeds, along with cash on hand, to manage its existing indebtedness, including prepaying, redeeming, or repurchasing certain secured notes and term loans [3]. Group 3: Regulatory Information - The Secured Notes are offered in a private placement to qualified institutional buyers and non-U.S. persons, and they have not been registered under the Securities Act [4]. - The offering does not constitute an offer to sell or solicit an offer to buy the Secured Notes in jurisdictions where such actions would be unlawful [5]. Group 4: Company Overview - Sabre Corporation is a leading technology company in the travel industry, providing solutions for airlines, hoteliers, and travel agencies globally [6].