Sabre prices upsized USD 1.35 billion senior secured notes offering due 2032
SABR•Upsized notes offering priced
Sabre priced an upsized USD 1.35 billion offering of 9.875% Senior Secured Notes due 2032.
Pricing lifted the deal from USD 1.1 billion; closing is expected Sept. 28, subject to customary conditions.
Proceeds will fund a new intercompany loan to Sabre GLBL to refinance intercompany debt.
Remaining funds target debt reduction, including a tender for Sabre Financial’s 11.125% senior secured notes due 2029.
Sabre GLBL also plans tender offers for certain senior secured notes capped at USD 250 million.
