SOUTHLAKE, Texas, March 15, 2018 /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
15,000,000 shares of common stock at a price to the public of
$22.45 per share. The Selling
Stockholders received all of the net proceeds from the offering. No
shares were sold by the Company.
Morgan Stanley 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 Morgan Stanley &
Co. LLC, Attention: Prospectus department: 180 Varick Street, 2nd
Floor, New York, NY 10014.
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
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,
registration statement on Form S-3, and the documents incorporated
by reference therein, including those described in 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
Tim Enstice
+1-682-605-6162
tim.enstice@sabre.com
Investors
Barry Sievert
sabre.investorrelations@sabre.com
View original content with
multimedia:http://www.prnewswire.com/news-releases/sabre-corporation-announces-closing-of-secondary-offering-of-common-stock-300614775.html
SOURCE Sabre Corporation