Sabre Announces Successful Completion Of Previously Announced Private Financing And Settlement Of Cash Tender To Strengthen Balance Sheet And Improve Free Cash Flow

Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, announced today the successful completion of a $700M private financing led by Centerbridge and other high quality institutional investors, and the corresponding early tender settlement by purchasing $670 million in principal amount of the 9.250% Senior Secured Notes due 2025 in a cash tender offer. The transaction enables the company to strengthen its balance sheet by refinancing and extending a significant portion of its capital structure's 2025 maturities and provides financial flexibility and improved free cash flow via a payment-in-kind (PIK) interest toggle through 2025.