Sabre Upsizes Debt Offering to $1.35 Billion for Refinancing

The offering is being conducted through Sabre Financial Borrower, LLC, a wholly owned indirect subsidiary of the corporation. According to the company, the transaction is expected to close on September 28, 2026, pending standard closing conditions. The debt will be secured by a first-priority interest in the assets of the borrower and its parent company, Sabre Financing Holdings LLC, with additional support from specific foreign subsidiaries.

Sabre plans to deploy the proceeds to fund a new intercompany loan to Sabre GLBL Inc. This capital will primarily facilitate the prepayment of existing intercompany debt and the redemption or repurchase of outstanding senior secured notes due in 2029. Alongside this move, Sabre GLBL intends to launch tender offers for a portion of its current debt, with a purchase price cap set at $250 million. These financial maneuvers are restricted to qualified institutional buyers and non-U.S. persons under specific regulatory exemptions, as the notes have not been registered under the Securities Act of 1933.