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

Southlake, texas , aug. 7, 2023 /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 any and all of its outstanding 7.375% senior secured notes due 2025 (the "september 2025 notes") and 9.250 % senior secured notes due 2025 (the "april 2025 notes" and, together with the september 2025 notes, the "existing notes" and each of them a "series" of existing notes) for cash and sabre glbl's new 8.625% senior secured notes due 2027 (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 august 7, 2023, 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 2025 to 2027.
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