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
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 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.