Sabre : Proclaims Refinancing of Time period B Loans – Type 8-Ok

Sabre Company Proclaims Refinancing of Time period B Loans

SOUTHLAKE, Texas, March 9, 2022 – Sabre Company (“Sabre”) (Nasdaq: SABR) right now introduced a refinancing of a portion of its current indebtedness. Sabre incurred no extra indebtedness because of the refinancing above the refinanced quantity, aside from quantities overlaying sure curiosity, charges and bills. The refinancing has meaningfully improved Sabre’s debt maturity profile.

The refinancing included the applying of the proceeds of a brand new $625 million time period mortgage “B” facility (the “New Facility”), borrowed by its wholly-owned subsidiary Sabre GLBL Inc. (“Sabre GLBL”) beneath its current senior secured credit score settlement (the “Credit score Settlement”), with the impact of extending the maturity of roughly $623 million of the present Time period Mortgage B credit score facility incurred previous to March 9, 2022 beneath the Credit score Settlement. The New Facility matures on June 30, 2028 and presents Sabre the power to prepay or repay the New Facility after 12 months or to prepay or repay at a 101 premium earlier than that date. The rates of interest on the New Facility will likely be based mostly on Time period SOFR, changing LIBOR, plus an relevant margin.

The New Facility is assured by Sabre Holdings Company and every subsidiary of Sabre GLBL that ensures the Credit score Settlement. The New Facility and the ensures thereof are secured, topic to permitted liens, by a first-priority safety curiosity in the identical collateral that secures Sabre GLBL’s different senior secured indebtedness, which is considerably all current and hereafter acquired property and property of Sabre GLBL and the guarantors (aside from sure excluded property).

BofA Securities, Inc., Citibank N.A., Goldman Sachs Financial institution USA, Mizuho Financial institution, Ltd., MUFG Financial institution Ltd and Wells Fargo Securities, LLC acted as joint bookrunners and BofA Securities, Inc. acted as sole lead arranger. Financial institution of America, N.A. is the executive agent and the collateral agent for the Credit score Settlement.

About Sabre Company

Sabre Company is a number one software program and expertise firm that powers the worldwide journey business, serving a variety of journey firms together with airways, hoteliers, journey businesses and different suppliers. The corporate supplies retailing, distribution and success options that assist its clients function extra effectively, drive income and provide personalised traveler experiences. By way of its main journey market, Sabre connects journey suppliers with consumers from across the globe. Sabre’s expertise platform manages greater than $260B price of world journey spend yearly. Headquartered in Southlake, Texas, USA, Sabre serves clients in additional than 160 nations all over the world.

Ahead-Wanting Statements

Sure statements herein are forward-looking statements about tendencies, future occasions, uncertainties and our plans and expectations of what might occur sooner or later. Any statements that aren’t historic or present info are forward-looking statements. In lots of instances, you’ll be able to determine forward-looking statements by phrases resembling “consider,” “may,” “seemingly,” “anticipate,” “plan,” “commit,” “steerage,” “outlook,” “anticipate,” “will,” “incremental,” “preliminary,” “forecast,” “proceed,” “technique,” “confidence,” “momentum,” “estimate,” “goal,” “challenge,” “might,” “ought to,” “would,” “intend,” “potential” or the damaging of those phrases or different comparable terminology. Ahead-looking statements contain recognized and unknown dangers, uncertainties and different components which will trigger Sabre’s precise outcomes, efficiency or achievements to be materially completely different from any future outcomes, performances or achievements expressed or implied by the forward-looking statements. Extra details about potential dangers and uncertainties that might have an effect on our enterprise and outcomes of operations is included within the “Threat Components” and “Ahead-Wanting Statements” sections in our Annual Report on Type 10-Ok filed with the SEC on February 18, 2022 and in our different filings with the SEC. Though we consider that the expectations mirrored within the forward-looking statements are cheap, we can’t assure future occasions, outlook, steerage, outcomes, actions, ranges of exercise, efficiency or achievements. Readers are cautioned to not place undue reliance on these forward-looking statements. Except required by legislation, Sabre undertakes no obligation to publicly replace or revise any forward-looking statements to mirror circumstances or occasions after the date they’re made.

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Contacts:

Media

Kristin Hays

kristin.hays@sabre.com

sabrenews@sabre.com

Traders

Kevin Crissey

kevin.crissey@sabre.com

sabre.investorrelations@sabre.com