Sabre Corporation Upsizes Senior Secured Notes Offering to Fund Growth
News related to:Sabre Corporation · 2 min read
SOUTHLAKE, Texas, Sept. 15, 2026 /CourierPR/ -- Sabre Corporation has announced the pricing of an upsized senior secured notes offering. The company’s wholly owned subsidiary, Sabre Financial Borrower, LLC, will issue $1.35 billion in 9.875% Senior Secured Notes due in 2032. This offering, which was initially planned for $1.1 billion, has been increased to raise more capital for the company’s expansion plans.
The notes will pay interest semi-annually at a rate of 9.875% per year and are expected to close on September 28, 2026, subject to customary closing conditions. The notes will be fully and unconditionally guaranteed, jointly and severally, by Sabre Financing Holdings LLC and certain of Sabre’s existing and future foreign subsidiaries. However, the guarantees by the foreign subsidiaries will be limited to an aggregate amount of $400 million.
The proceeds from the offering will be used to fund a new intercompany loan to Sabre GLBL Inc. Sabre GLBL plans to use a portion of the loan to prepay the existing intercompany loan between Sabre Financial and Sabre GLBL. The prepayment will be made at a price equal to 100% of the outstanding principal amount, plus a customary make-whole premium and accrued and unpaid interest.
The remaining proceeds will be used by Sabre GLBL to prepay, redeem, or repurchase certain of its existing indebtedness. This includes Sabre Financial’s existing 11.125% senior secured notes due in 2029, as well as other existing debt, through open market purchases, privately negotiated transactions, tender or exchange offers, or other means. Additionally, the company intends to use the proceeds to pay related accrued and unpaid interest, premium, fees, and expenses.
In connection with the upsizing of the offering, Sabre GLBL has also launched tender offers for certain of its existing senior secured notes. The maximum aggregate purchase price, excluding accrued and unpaid interest, is set at $250 million, with the amount potentially subject to adjustment by Sabre GLBL.
The Secured Notes and related note guarantees have been offered in a private placement to qualified institutional buyers and non-U.S. persons in accordance with the Securities Act of 1933. The notes are not registered under the Securities Act or any state securities laws and may not be offered or sold in the United States or to U.S. persons without proper registration or an applicable exemption.
Sabre Corporation, an AI-native technology leader, is leveraging its extensive travel data cloud to transform insights into innovation. The company is focused on empowering airlines, hoteliers, agencies, and other partners to retail, distribute, and fulfill travel experiences worldwide. The company’s strategic financial moves are aimed at enhancing its liquidity and flexibility to pursue growth opportunities in the highly competitive travel industry.