Sabre Corporation Announces Cash Tender Offer and Consent Solicitation by Sabre Financial Borrower, LLC for Existing Secured Debt
Sabre Financial Borrower, LLC, a wholly-owned subsidiary of Sabre Corporation (Nasdaq: SABR), launched a cash tender offer for any and all of its $1.0 billion 11.125% Senior Secured Notes due 2029, paired with a consent solicitation to amend the underlying indenture. Holders who tender by the September 25, 2026 early deadline receive $1,092.50 total consideration per $1,000 principal, including a $50 early tender premium; the offer expires October 12, 2026. Tendering holders are deemed to deliver consents, and the proposed amendments would eliminate substantially all restrictive covenants and certain events of default, binding all holders if the requisite consents are received.
Key figures
- Trustee
- Wilmington Trust, National Association
- Dealer manager
- BofA Securities
- Expiration date
- 5:00 p.m. NYC time, October 12, 2026
- New notes maturity
- 2032
- Early tender deadline
- 5:00 p.m. NYC time, September 25, 2026
- Existing notes coupon
- 11.125%
- Existing notes maturity
- 2029
- New notes offering size
- $1.1 billion
- Tender principal outstanding
- $1,000,000,000
- Total consideration per 1000
- $1,092.50
- Early tender premium per 1000
- $50.00
- Tender offer consideration per 1000
- $1,042.50
AI analysis
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