Sabre Corporation Announces Results of Previously Announced Cash Tender Offers by Sabre GLBL Inc.
Sabre GLBL's cash tender offers expired September 24, 2026, with only the $250 million cap on 10.750% Senior Secured Notes due 2029 to be purchased. Because tendered 2029 notes exceeded the cap, they will be accepted at an approximately 84.0% proration factor, and no 10.750% or 11.125% notes due 2030 will be accepted despite heavy participation of 67-74% across series.
Key figures
- Deal Value Usd
- 250000000
- Settlement date
- September 28, 2026 (expected)
- Notes 2029 accepted
- $251,888,000 principal at $250,000,000 purchase price
- Notes 2029 tendered
- $299,978,000 of $445,715,000 outstanding (67.30%)
- Notes 2030 10750 tendered
- $346,616,000 of $469,802,000 (73.78%)
- Notes 2030 11125 tendered
- $894,517,000 of $1,325,000,000 (67.51%)
- Proration factor 2029 notes
- approximately 84.0%
- Aggregate max purchase price
- $250 million
AI analysis
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