Sabre Corporation Announces Early Tender Results of Previously Announced Cash Tender Offer and Consent Solicitation by Sabre Financial Borrower, LLC
Sabre Financial Borrower, LLC, an indirect wholly-owned subsidiary of Sabre, received early tenders covering 93.07% of the $1 billion 11.125% Senior Secured Notes due 2029 by the September 25 early tender deadline. Required consents to the proposed amendments have been obtained, and Sabre Financial expects to execute a supplemental indenture and make payment on the September 28 early settlement date, at $1,092.50 per $1,000 principal including a $50 early tender premium.
Key figures
- Coupon
- 11.125%
- Pct tendered
- 93.07%
- Expiration date
- 2026-10-12
- Principal tendered
- 930682000
- Early settlement date
- 2026-09-28
- Principal outstanding
- 1000000000
- Expected redemption date
- 2026-10-13
- Early tender premium per 1000
- 50
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