SOUTHLAKE, Texas, April 17, 2020 /PRNewswire/ -- Sabre Corporation
("Sabre") (Nasdaq: SABR) today announced that its wholly-owned
subsidiary Sabre GLBL Inc. ("Sabre GLBL") has closed private
offerings of (1) $775,000,000
aggregate principal amount of its 9.250% senior secured
notes due 2025 (the "Secured Notes") and (2)
$345,000,000 aggregate principal
amount of its 4.000% senior exchangeable notes due 2025 (the
"Exchangeable Notes" and together with the Secured Notes, the
"Notes"). The principal amount of Secured Notes and Exchangeable
Notes sold reflects an increase from the initially announced size
of each of the respective offerings and the principal amount of
Exchangeable Notes sold also reflects the initial purchasers'
exercise in full of their option to purchase additional
Exchangeable Notes. The net proceeds from the sales of the
Notes will be used for general corporate purposes.
Goldman Sachs & Co. LLC, BofA Securities, Morgan Stanley and
PWP Securities acted as initial purchasers of the Notes. In
addition, Perella Weinberg Partners acted as financial advisor to
Sabre in connection with the capital-raising process.
The Secured Notes and the related note guarantees
were offered in a private offering to qualified institutional
buyers pursuant to Rule 144A under the Securities Act of 1933, as
amended (the "Securities Act") and to non-U.S. persons in
accordance with Regulation S under the Securities Act. The
Exchangeable Notes and the related note guarantees
were offered to qualified institutional buyers pursuant to
Rule 144A under the Securities Act. The Notes, the
related note guarantees and any shares of common stock issuable
upon exchange of the Exchangeable Notes have not been, and will not
be, registered under the Securities Act or any state
securities laws. The Notes, the related note guarantees and
any such shares may not be offered or sold in the United States or to, or for the benefit
of, U.S. persons absent registration under, or an applicable
exemption from, the registration requirements of the Securities Act
and applicable state securities laws.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the Notes or any other security and
shall not constitute an offer, solicitation or sale in any
jurisdiction in which, or to any persons to whom, such offering,
solicitation or sale would be unlawful.
About Sabre Corporation
Sabre Corporation is a leading software and technology company that
powers the global travel industry, serving a wide range of travel
companies including airlines, hoteliers, travel agencies and other
suppliers. The company provides retailing, distribution and
fulfilment solutions that help its customers operate more
efficiently, drive revenue and offer personalized traveler
experiences. Through its leading travel marketplace, Sabre connects
travel suppliers with buyers from around the globe. Sabre's
technology platform manages more than $260B worth of global travel spend annually.
Headquartered in Southlake, Texas,
USA, Sabre serves customers in more than 160 countries around the
world. For more information visit www.sabre.com.
Forward-Looking Statements
Certain statements herein are forward-looking statements about
trends, future events, uncertainties and our plans and expectations
of what may happen in the future. Any statements that are not
historical or current facts are forward-looking statements. In many
cases, you can identify forward-looking statements by terms such as
"believe," "could," "likely," "expect," "plan," "commit,"
"guidance," "outlook," "anticipate," "will," "incremental,"
"preliminary," "forecast," "continue," "strategy," "confidence,"
"momentum," "estimate," "objective," "project," "may," "should,"
"would," "intend," "potential" or the negative of these terms or
other comparable terminology. Forward-looking statements 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. More information about potential risks and
uncertainties that could affect our business and results of
operations is included in the "Risk Factors" and "Forward-Looking
Statements" sections in our Annual Report on Form 10-K filed with
the SEC on February 26, 2020, the
Form 8-K filed with the SEC on April 13,
2020 and in our other filings with the SEC. Although we
believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future events,
outlook, guidance, results, actions, levels of activity,
performance or achievements. Readers are cautioned not to place
undue reliance on these 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 they are made.
SABR-F
Contacts:
Media:
Kristin Hays
kristin.hays@sabre.com
sabrenews@sabre.com
Investors:
Kevin Crissey
kevin.crissey@sabre.com
sabre.investorrelations@sabre.com
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SOURCE Sabre Corporation