Sabre Corporation, a technology provider serving the travel industry, has entered into a three-year committed accounts receivable securitization facility of up to $200m with PNC Bank, N.A. as administrative agent, structuring agent, and lender. As part of the AR facility, certain subsidiaries of the company have sold and contributed their accounts receivable and related assets to a separate legal subsidiary of Sabre Corporation called Sabre Securitization, LLC. The initial borrowings under the AR facility were $115m. The content of the agreement is detailed in the Sale and Contribution Agreements, which are attached to this Form 8-K as Exhibit 10.1 and Exhibit 10.2.