Sabre Financial receives tenders for 93.07% of $1 billion 2029 notes

  • Sabre Financial received tenders for $930.682 million of 2029 senior secured notes.
  • 93.07% of the $1 billion outstanding principal amount was tendered by September 25.
  • Sabre Financial obtained required consents and expects settlement on September 28, 2026.

Sabre Corporation said its indirect wholly-owned subsidiary Sabre Financial Borrower, LLC received valid tenders for $930.682 million, or 93.07%, of its $1 billion outstanding 11.125% Senior Secured Notes due 2029. The cash tender offer and related consent solicitation expire at 5:00 p.m. New York City time on October 12, 2026, while early settlement is expected on September 28, subject to financing and other conditions. Holders whose notes are accepted will receive $1,092.50 per $1,000 principal amount, including a $50 early tender premium, plus accrued and unpaid interest. Sabre Financial said it obtained the required consents for the proposed amendments to the indenture and expects to execute a supplemental indenture upon settlement. Because more than 90% of the notes were tendered, it intends to deliver a notice to redeem the remaining securities, with the redemption date expected to be October 13, 2026, although no redemption is assured.

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