Sabre settles tender offer for $931.58 million of 11.125% senior secured notes due 2029
SABR•Sabre bought $931.58 million of its 11.125% senior secured notes due 2029 in a cash tender offer, then redeemed the remaining $68.42 million at 109.250%.
1. Tender and redemption
Sabre settled a cash tender offer for its 11.125% Senior Secured Notes due 2029, buying $931.58 million, or 93.16% of the outstanding notes as of the offer’s Oct. 12 expiration. On Oct. 13, it completed redemption of the remaining $68.42 million at 109.250%.
