Sabre Corporation has announced an upsized offering of $1,325,000,000 in aggregate principal amount of 11.125% Senior Secured Notes due 2030, through its wholly-owned subsidiary Sabre GLBL Inc. The proceeds from this offering will be used in part to prepay Sabre GLBL's outstanding borrowings under an intercompany loan agreement with Sabre Financial Borrower, LLC, facilitating the full prepayment of an existing senior secured term loan due in 2028. Remaining funds will be directed towards the prepayment, redemption, or repurchase of other outstanding debts. The offering is expected to close on June 4, 2025, and is part of Sabre's strategic financial management initiatives.
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