SOUTHLAKE, Texas, Nov. 4, 2015 /PRNewswire/ -- Sabre
Corporation ("Sabre" or the "Company") (Nasdaq: SABR) today
announced the secondary public offering of 30,000,000 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.
Subject to completion of the offering, Sabre will repurchase
from the underwriter approximately $100
million of the 30,000,000 shares of common stock being sold
by the Selling Stockholders. Sabre's per-share purchase price for
the repurchased shares will be the same as the per-share purchase
price payable by the underwriter to the Selling Stockholders. Sabre
expects to fund the share repurchase with the proceeds of an
offering by its wholly-owned subsidiary, Sabre GLBL Inc., of 5.250%
senior secured notes due 2023.
Morgan Stanley is acting as the sole underwriter for the
offering. Morgan Stanley 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 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 Corporation
Sabre Corporation is the leading technology provider to the
global travel and tourism 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,
quarterly report on Form 10-Q for the period ended September 30, 2015, 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