Sabre Corporation announced an offering of $1,000,000,000 aggregate principal amount of senior secured notes by its subsidiary, Sabre Financial Borrower, LLC.
The offering is subject to market conditions and other factors, and the terms are not finalized yet.
The gross proceeds will be used to fund an intercompany loan to Sabre GLBL, Inc. for debt repayment and other financial transactions.
Offer Details
$1,000,000,000 aggregate principal amount of senior secured notes offered.
Guarantees
Secured Notes guaranteed by Sabre Financing Holdings LLC and certain foreign subsidiaries up to $400 million.
Use of Proceeds
Funding an intercompany loan to Sabre GLBL, Inc. for debt repayment and refinancing.
Offering Type
Private offering to qualified institutional buyers and non-U.S. persons under specified regulations.
- The offering aims to raise substantial funds for debt management and financial restructuring within Sabre Corporation.
- The guarantees provided by Sabre Financing Holdings LLC and foreign subsidiaries enhance the security of the notes.
Sabre Corporation's announcement of the offering of Senior Secured Notes signifies a strategic move in managing its financial obligations and optimizing its debt structure.