SOUTHLAKE, Texas, March 2, 2016 /PRNewswire/ -- Sabre
Corporation ("Sabre" or the "Company") (NASDAQ: SABR) today
announced the closing of a secondary public offering by existing
stockholders affiliated with TPG Global, LLC and Silver Lake
Management Company II, L.L.C. (the "Selling Stockholders") of
20,000,000 shares of common stock. All of the shares were sold on a
pro rata basis by the Selling Stockholders in accordance with their
current interests, and the Selling Stockholders received all of the
net proceeds from the offering. The total net proceeds to the
Selling Stockholders were $545,000,000. No shares were sold by the
Company.
BofA Merrill Lynch acted as the sole underwriter for the
offering.
A registration statement on Form S-3 (including a prospectus and
prospectus supplement) relating to these securities has been filed
with the Securities and Exchange Commission and is effective. A
copy of the prospectus and accompanying prospectus supplement
related to the offering may be obtained from BofA Merrill Lynch,
Attention: Prospectus Department: 222 Broadway, New York, NY 10038.
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
Daniel.Duarte@sabre.com
Investors
Barry
Sievert
682-605-0214
Sabre.InvestorRelations@sabre.com
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SOURCE Sabre Corporation