Sabre

Sabre Announces Exchange of Approximately $43.6 Million of Existing Senior Secured Notes due in 2025 for Additional 8.625% Senior Secured Notes due 2027

Retrieved on: 
Friday, March 8, 2024

The 2027 Notes issued in the Exchange constitute an additional issuance by Sabre GLBL of the 2027 Notes, of which approximately $853 million was issued on September 7, 2023.

Key Points: 
  • The 2027 Notes issued in the Exchange constitute an additional issuance by Sabre GLBL of the 2027 Notes, of which approximately $853 million was issued on September 7, 2023.
  • The 2027 Notes issued in the Exchange form a single series with, and are fungible with, the existing 2027 Notes.
  • Following completion of the Exchange, the aggregate outstanding principal amount of Sabre GLBL's  7.375% Senior Secured Notes due 2025 is approximately $26.8 million,  the aggregate outstanding principal amount of Sabre GLBL's 9.250% Senior Secured Notes due 2025 is approximately $31.5 million, and the aggregate principal amount of the 2027 Notes outstanding is approximately $903.1 million.
  • Neither Sabre nor Sabre GLBL received any cash proceeds from the issuance of the 2027 Notes pursuant to the Exchange.

Sabre is first GDS to power NDC for SAP Concur and the corporate travelers it serves

Retrieved on: 
Wednesday, February 28, 2024

Since SAP Concur integrated Sabre's Offer and Order APIs in the fourth quarter of 2023, TMCs and corporations using Concur® Travel are able to shop, book, fulfil and service NDC content from a growing number of carriers via the Sabre GDS.

Key Points: 
  • Since SAP Concur integrated Sabre's Offer and Order APIs in the fourth quarter of 2023, TMCs and corporations using Concur® Travel are able to shop, book, fulfil and service NDC content from a growing number of carriers via the Sabre GDS.
  • "To make NDC scale, all links in the travel value chain have to evolve if the industry is to achieve the full potential of NDC.
  • "We're excited to be the first GDS that powers NDC for SAP Concur and the corporate travelers they serve."
  • By making Sabre-sourced NDC content available to its customers and users, SAP Concur can help accelerate the industry's shift from traditional EDIFACT to NDC distribution.

Seibu Prince Hotels Worldwide chooses Sabre's advanced hospitality technology to support significant global expansion

Retrieved on: 
Tuesday, January 30, 2024

SOUTHLAKE, Texas, Jan. 30, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced a new agreement with Seibu Prince Hotels Worldwide. The hotel chain will deploy the Sabre SynXis Central Reservation System (CRS) to reach the broadest points of distribution in the industry as they forge ahead with ambitions to double the size of their property portfolio.  

Key Points: 
  • Under the agreement, Seibu Prince Hotels Worldwide will be using the SynXis platform to expand its reach across global distribution channels.
  • With more than a century of hospitality experience, Seibu Prince Hotels Worldwide is focused on asset-light hotel operations, with an aim to expand its scale two-fold.
  • Seibu Prince brands include The Prince, Grand Prince Hotel, Prince Hotel, Prince Smart Inn, The Prince Akatoki, Policy, Park Regis by Prince, Park Regis Park Proxi, and Leisure Inn overseas.
  • "We're thrilled to welcome Seibu Prince Hotels Worldwide to our Sabre SynXis family," said Frank Trampert, senior vice president, global managing director of community sales for Sabre Hospitality Solutions.

Cisco Transforms Application Instrumentation with Smart Agent for Cisco AppDynamics

Retrieved on: 
Wednesday, January 24, 2024

SAN JOSE, Calif., Jan. 24, 2024 /PRNewswire/ -- Cisco (NASDAQ: CSCO) today launched Smart Agent for Cisco AppDynamics, enabling agent lifecycle management, dramatically simplifying application instrumentation for full-stack observability through intelligent agent automation and management, and helping customers onboard new applications faster. Customers can identify out-of-date agents and upgrade them in minutes with an easy-to-use centralized agent management user interface.

Key Points: 
  • New Smart Agent for Cisco AppDynamics Dramatically Simplifies the Installation, Configuration and Upgrade of Application and Infrastructure Agents.
  • Increases operational efficiency, improves software compliance and enables customers to shorten time-to-value to gain full-stack observability insights, allowing IT teams to focus less on agent management, and more on innovation
    SAN JOSE, Calif., Jan. 24, 2024 /PRNewswire/ -- Cisco (NASDAQ: CSCO) today launched Smart Agent for Cisco AppDynamics, enabling agent lifecycle management, dramatically simplifying application instrumentation for full-stack observability through intelligent agent automation and management, and helping customers onboard new applications faster.
  • Smart Agent auto-discovery and auto-deployment enables customers to start collecting data and visualize application topography in minutes instead of days.
  • Register here for the Smart Agent for Cisco AppDynamics webinar on February 14 to learn more.

WWEX Group Names Daniel Curling Chief Technology Officer

Retrieved on: 
Tuesday, January 23, 2024

It helps our teams, our carriers and customers collaborate more effectively and make more intelligent decisions," Tom Madine, WWEX Group CEO, said.

Key Points: 
  • It helps our teams, our carriers and customers collaborate more effectively and make more intelligent decisions," Tom Madine, WWEX Group CEO, said.
  • Before joining WWEX Group, Curling had a proven track record of delivering scalable software for high-growth technology and digital businesses.
  • "The key role of technology is to enable businesses to perform with a high level of efficiency," Curling said.
  • Prior to joining WWEX Group, Ball was the CIO of Solera and has held various technology leadership roles at Sabre and Asurion.

Labatt Debuts Buffalo Sabres Retro Black and Red Jersey Cans

Retrieved on: 
Thursday, January 11, 2024

BUFFALO, N.Y., Jan. 11, 2024 /PRNewswire/ -- Brace yourselves, hockey fans! Labatt is taking an icy trip back to the late 90's with retro cans during the hockey season. This year, as a proud partner of the Buffalo Sabres, Labatt is highlighting the fan-favorite, black and red throwback "Goathead" Sabres jersey! These limited-edition cans are available in both Labatt Blue and Labatt Blue Light.

Key Points: 
  • Labatt is taking an icy trip back to the late 90's with retro cans during the hockey season.
  • This year, as a proud partner of the Buffalo Sabres, Labatt is highlighting the fan-favorite, black and red throwback "Goathead" Sabres jersey!
  • We know these nostalgic jersey cans, along with the return of the iconic black and red jerseys, will put that energy in the fans hands this season."
  • The Labatt Blue and Labatt Blue Light Buffalo Sabres Jersey Cans are available now throughout the Buffalo region in 18 packs of 12-ounce cans, as well as 24-ounce cans.

DZS Secures $25 Million in Funding and Signs Definitive Agreement to Divest Asia Business

Retrieved on: 
Friday, January 5, 2024

On Jan. 5, 2024, DZS signed a definitive agreement to sell its Asia operations to Korea-based DASAN Networks Inc. (DNI), a significant stockholder of DZS, for $48 million, consisting of $5 million of cash and the elimination of approximately $43 million of debt.

Key Points: 
  • On Jan. 5, 2024, DZS signed a definitive agreement to sell its Asia operations to Korea-based DASAN Networks Inc. (DNI), a significant stockholder of DZS, for $48 million, consisting of $5 million of cash and the elimination of approximately $43 million of debt.
  • The sale is expected to close in February 2024, subject to regulatory approvals and other customary closing conditions.
  • “The sale of our Asia business additionally enables us to transition to a more software-centric, AI-driven business model.
  • A live broadcast and replay of the audio webcast will be available at https://investor.dzsi.com .

Tier One Partners Earns Spot on PRNEWS Agency Elite Top 100

Retrieved on: 
Tuesday, November 28, 2023

BOSTON and CHICAGO, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Following the celebration of its 20th anniversary, Tier One Partners , a women-owned, full-service PR, digital, and content agency, announced it has been recognized by PRNEWS as a 2024 Agency Elite Top 100 company.

Key Points: 
  • BOSTON and CHICAGO, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Following the celebration of its 20th anniversary, Tier One Partners , a women-owned, full-service PR, digital, and content agency, announced it has been recognized by PRNEWS as a 2024 Agency Elite Top 100 company.
  • The PRNEWS Agency Elite Top 100 is the industry’s most comprehensive guide of the 100 most innovative PR, marketing, and communications firms.
  • The accolade is a testament to Tier One’s unwavering commitment to excellence, innovation, and client success over the past two decades.
  • The inclusion in the PRNEWS Agency Elite 100 comes on the heels of other industry recognition Tier One received in 2023, including the North America SABREs, the PR Club’s Bell Ringer Awards, the Publicity Club of Chicago’s Golden Trumpet Awards, PRNEWS’ PR Platinum awards, and more.

Blackstone Acquires Power Grid Components, Inc., a Leading Supplier of Critical Components for the Electrical Grid

Retrieved on: 
Tuesday, December 5, 2023

Today, Blackstone (NYSE: BX) announced that private equity funds affiliated with Blackstone have closed the acquisition of Power Grid Components, Inc. (“PGC”) from Shorehill Capital LLC.

Key Points: 
  • Today, Blackstone (NYSE: BX) announced that private equity funds affiliated with Blackstone have closed the acquisition of Power Grid Components, Inc. (“PGC”) from Shorehill Capital LLC.
  • PGC is a leading domestic designer and manufacturer of a wide range of critical components for protection, monitoring, and safety applications in electrical substations, an essential segment of the electrical grid responsible for managing and monitoring power flows and converting electricity into different voltages.
  • As a supplier of critical components to the grid and partner to many of the nation’s largest electrical utilities, PGC advances the global energy transition by improving the reliability, capacity, and safety of the grid, by enabling the deployment of new renewable generation, and by supporting broad electrification trends.
  • PGC has built strong, long-term relationships with many of our nation’s leading electrical utilities and has positioned itself as an acquiror of choice within the electrical components sector.”
    Rick McClure, CEO of Power Grid Components, Inc., said: “Our leadership team is thrilled to be partnering with Blackstone, a leader in energy transition investing.

2023 Rally Benefit Bash Raises $2.9 M for Childhood Cancer Research

Retrieved on: 
Friday, November 17, 2023

ATLANTA, Nov. 17, 2023 /PRNewswire/ -- On Friday, November 10, Rally Foundation for Childhood Cancer Research hosted its 16th Annual Benefit Bash, sponsored by Delta Air Lines, and raised more than $2.9 million in critical funding for advances in childhood cancer.

Key Points: 
  • ATLANTA, Nov. 17, 2023 /PRNewswire/ -- On Friday, November 10, Rally Foundation for Childhood Cancer Research hosted its 16th Annual Benefit Bash, sponsored by Delta Air Lines, and raised more than $2.9 million in critical funding for advances in childhood cancer.
  • "I was so honored to serve as co-chair of this year's Rally Bash.
  • Dean Crowe, Founder and CEO of Rally, thanked Delta Air Lines and Sharecare as well as all other sponsors, noting: "I am absolutely thrilled by the overwhelming support for Rally Foundation for Childhood Cancer Research at this year's Benefit Bash.
  • Together, we will find better treatments and, ultimately, cures for childhood cancer.