Sabre corporation announces exchange offers by sabre glbl inc. for certain senior secured debt securities

Southlake, texas , nov. 7, 2024 /prnewswire/ -- sabre corporation ("sabre") today announced that sabre glbl inc. ("sabre glbl"), a wholly-owned subsidiary of sabre, has commenced exchange offers (each, an "exchange offer" and together, the "exchange offers") to exchange certain of its outstanding 11.250% senior secured notes due 2027 (the "december 2027 notes") and 8.625% senior secured notes due 2027 (the "june 2027 notes" and, together with the december 2027 notes, the "existing notes" and each of them a "series" of existing notes) for up to $500 million (as such amount may be amended by sabre glbl in its sole discretion, the "maximum exchange amount") in aggregate principal amount of sabre glbl's new 10.750% senior secured notes due 2029 (the "new notes" and together with the existing notes, the "securities"), upon the terms and subject to the conditions described in the confidential offering circular, dated as of november 7, 2024, for the exchange offers (as it may be amended or supplemented, the "offering circular"). the primary purpose of the exchange offers is to improve the company's maturity profile by extending the maturity date of the indebtedness represented by the existing notes from 2027 to 2029.
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