SOUTHLAKE, Texas, March 2, 2018 /PRNewswire/ -- Sabre
Corporation ("Sabre" or the "Company") (NASDAQ: SABR) today
announced the refinancing of its Term Loan B credit facility,
resulting in a reduction of its interest rate. Sabre incurred no
additional indebtedness as a result of the refinancing.
The refinancing included the application of the proceeds of the
approximately $1.88 billion
replacement Term Loan B facility ("Replacement Term Loan B
Facility") to pay down in full approximately $1.88 billion of the existing Term Loan B
incurred prior to March 2, 2018 under
the Company's existing senior secured term loan credit facility
(the "Credit Facility"). The Replacement Term Loan B Facility
matures on February 22, 2024.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (together
with its designated affiliates), Goldman Sachs Bank USA, JP Morgan Chase Bank, N.A., Mizuho Bank, Ltd., Morgan Stanley MUFG Loan
Partners, LLC, acting through The Bank of Tokyo-Mitsubishi UFJ,
Ltd., a member of MUFG, a global financial group and Morgan Stanley
Senior Funding, Inc., PNC Bank, National Association and Wells
Fargo Securities, LLC acted as joint lead arrangers and joint
bookrunners for the transactions. Bank of America, N.A. is the
administrative agent and collateral agent for the Credit Facility
under which the Replacement Term Loan B Facility was borrowed.
About Sabre
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 US$120 billion of global 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 Sabre's annual report on Form
10-K for the year ended December 31,
2017, including those described under the headings "Risk
Factors" and "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
Media
contact:
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Investor
contact:
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sabrenews@sabre.com
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sabre.investorrelations@sabre.com
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SOURCE Sabre Corporation