SOUTHLAKE, Texas, Feb. 25, 2016 /PRNewswire/ -- Sabre
Corporation ("Sabre" or the "Company") (NASDAQ: SABR) today
announced the secondary public offering of 20,000,000 shares of
common stock by existing stockholders affiliated with TPG Global,
LLC and Silver Lake Management Company II, L.L.C. (the "Selling
Stockholders"). All of the shares are being sold on a pro
rata basis by the Selling Stockholders in accordance with their
current interests, and the Selling Stockholders will receive all of
the net proceeds from this offering. No shares are being sold by
the Company.
BofA Merrill Lynch is acting as the sole underwriter for the
offering. BofA Merrill Lynch proposes to offer the shares of common
stock from time to time for sale in one or more transactions on the
NASDAQ Global Select Market, in the over-the-counter market,
through negotiated transactions or otherwise at market prices
prevailing at the time of sale, at prices related to prevailing
market prices or at negotiated prices.
A registration statement on Form S-3 (including a prospectus)
relating to these securities has been filed with the Securities and
Exchange Commission (the "SEC") and is effective. Before you
invest, you should read the prospectus in that registration
statement and other documents the Company has filed with the SEC
for more complete information about the Company and this offering.
You may get these documents for free by visiting EDGAR on the SEC
web site at www.sec.gov. Alternatively, copies of the prospectus
and accompanying prospectus supplement related to this offering,
when available, may be obtained from BofA Merrill Lynch, 222
Broadway, New York, NY 10038,
Attention: Prospectus Department, or by email at
dg.prospectus_requests@baml.com.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities, nor shall there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Sabre Corporation
Sabre Corporation is the
leading technology provider to the global travel industry. Sabre's
software, data, mobile and distribution solutions are used by
hundreds of airlines and thousands of hotel properties to manage
critical operations, including passenger and guest reservations,
revenue management, flight, network and crew management. Sabre also
operates a leading global travel marketplace, which processes more
than $120 billion of estimated travel
spend annually by connecting travel buyers and suppliers.
Headquartered in Southlake, Texas,
USA, Sabre serves customers in more than 160 countries around the
world.
Cautionary Note Regarding Forward-Looking Statements
Any statements in this release regarding Sabre that are not
historical or current facts are forward-looking statements. Such
forward-looking statements convey Sabre's current expectations or
forecasts of future events. Forward-looking statements regarding
Sabre involve known and unknown risks, uncertainties and other
factors that may cause Sabre's actual results, performance or
achievements to be materially different from any future results,
performances or achievements expressed or implied by the
forward-looking statements. Certain of these risks and
uncertainties are described in the Sabre's annual report on Form
10-K, registration statement on Form S-3, and the documents
incorporated by reference therein, including those described in the
Sabre's annual report under the headings "Risk Factors" and
"Forward-Looking Statements" and in the registration statement
under the headings "Risk Factors" and "Cautionary Note Regarding
Forward-looking Statements." Unless required by law, Sabre
undertakes no obligation to publicly update or revise any
forward-looking statements to reflect circumstances or events after
the date of this press release.
SABR-F
Contacts:
Media
Daniel Duarte
214-236-9473
Investors
Barry Sievert
682-605-0214
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SOURCE Sabre Corporation