Sabre Corporation has announced an upsized offering of $1,325,000,000 in Senior Secured Notes due 2030, by its subsidiary Sabre GLBL Inc. The notes, which carry an interest rate of 11.125% per year, will mature on July 15, 2030, and interest will be paid semi-annually. The proceeds from this offering will be used to prepay existing debt, including Sabre GLBL's intercompany loan with Sabre Financial Borrower, LLC, and to repurchase other indebtedness. Sabre GLBL also intends to launch tender offers for some of its existing senior secured notes, with a purchase cap of $336,375,000. The offering is expected to close on June 4, 2025, subject to customary conditions.
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