Brief: Sabre Corporation Announces Settlement Of The Exchange Offers For Certain Senior Secured Debt Securities Due 2025 And Issuance Of New Notes Due 2027

Sabre

07/09/2023 21:44

Sabre Corp  SABR.O :
    * SABRE CORPORATION ANNOUNCES SETTLEMENT OF THE EXCHANGE
OFFERS
FOR CERTAIN SENIOR SECURED DEBT SECURITIES DUE 2025 AND ISSUANCE
OF NEW NOTES DUE 2027
    * SABRE CORP - TRANSACTION, ALONG WITH RECENTLY COMPLETED
CASH
TENDER OFFER, HAVE SUCCESSFULLY REDUCED OUR 2025 MATURITIES BY
OVER $1.5 BILLION
    * SABRE CORP - NEW NOTES WILL MATURE ON JUNE 1, 2027 AND
WILL BEAR
INTEREST AT A RATE PER ANNUM EQUAL TO 8.625%
    * SABRE CORP - TRANSACTION STRENGTHENS SABRE'S BALANCE SHEET
BY
REFINANCING MORE THAN 89% OF ITS CONSOLIDATED 2025 DEBT
MATURITIES

Source text for Eikon:  ID:nPn9WsVBba 
Further company coverage:  SABR.O