Sabre amends accounts receivable securitization facility, ups size to $130 million - SABR News | RalliesSabre amends accounts receivable securitization facility, ups size to $130 million
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SABR• Sabre amends receivables facility
- Sabre’s receivables securitization unit amended its accounts receivable facility with PNC Capital Markets, PNC Bank, Centerbridge-advised lenders.
- Facility size set to rise to $130 million from $115 million on Sept. 30, 2026, subject to conditions.
- Maturity slated to extend to Sept. 28, 2029, with a springing maturity tied to other debt maturities above $65 million.
- Post-change pricing: SOFR-based with a 0 bp floor; drawn fees of 275 bps for Class A, 625 bps for Class B.
- Amendment adds Sabre Asia Pacific as an originator; Singapore unit to sell receivables into the special-purpose entity.
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