Sabre announces successful completion of previously announced private financing and settlement of cash tender to strengthen balance sheet and improve free cash flow

Completes upsized financing from lenders led by affiliates of centerbridge partners, l.p. ("centerbridge") for $700 million new senior secured credit facility settles tender offer by purchasing for cash $670 million in principal amount of 9.250% senior secured notes due 2025 transaction refinances significant portion of 2025 maturities and improves free cash flow generation via pik interest toggle on the new senior secured credit facility southlake, texas , june 13, 2023 /prnewswire/ -- sabre corporation (nasdaq: sabr), a leading software and technology provider that powers the global travel industry, announced today the successful completion of a $700m private financing led by centerbridge and other high quality institutional investors, and the corresponding early tender settlement by purchasing $670 million in principal amount of the 9.250% senior secured notes due 2025 in a cash tender offer.
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