Sabre Announces Successful Completion Of Previously Announced Private Financing And Settlement Of Cash Tender To Strengthen Balance Sheet And Improve Free Cash Flow
Round Type
Funding Round
SouthlakeInformation TechnologyTravelInvestors
Description
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.
Quick answer
Sabre Corporation raised an undisclosed amount in a Funding Round round, dated June 13, 2023. Investors: Centerbridge and Centerbridge Partners, L.P. Sabre Corporation is based in Southlake, Texas, United States.
- How much did Sabre Corporation raise?
- Sabre Corporation raised an undisclosed amount in a Funding Round round on June 13, 2023.
- Who invested in Sabre Corporation?
- Centerbridge and Centerbridge Partners, L.P. are named as investors in this round.
- What does Sabre Corporation do?
- Sabre Corporation is a leading technology provider to the global travel industry.
- Where is Sabre Corporation based and how big is it?
- Sabre Corporation is based in Southlake, Texas, United States. Fundz records about 8,852 employees.
- Who are the decision-makers at Sabre Corporation?
- Fundz holds 1 contact at Sabre Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Travel around the same time
Companies in the same sectors as Sabre Corporation that raised within 45 days of this round, from Fundz verified event records.
- BizAway raised $11M on July 24, 2023.
- Volato Group raised $16M on July 21, 2023.
- RideTandem raised $3M (Seed) on July 12, 2023.
- Hoop Carpool raised $1.3M (Seed) on July 11, 2023.
- Go Rentals raised an undisclosed amount on July 10, 2023.
- Sojern raised $9.8M on July 1, 2023.
Who to call at Sabre Corporation, and when
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Related People
Sabre Corporation raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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