SABRE (SABR) Launches $1.1 Billion Senior Secured Notes Offering to Refinance Debt
Sabre's financing subsidiary is marketing $1.1 billion of senior secured notes to repay existing debt, including 11.125% secured notes due 2029.
Sabre Corporation (SABR) said its wholly owned indirect subsidiary Sabre Financial Borrower, LLC is offering $1,100,000,000 in aggregate principal amount of senior secured notes, with the proceeds earmarked for refinancing existing debt. The travel technology group said the precise timing, size and terms depend on market conditions and that there is no assurance the deal will be completed on the proposed terms or at all.
