Sabre Announces Exchange of $150 Million of Existing 4.000% Exchangeable Senior Notes due 2025 for Exchangeable Senior Notes due 2026

SOUTHLAKE, Texas, March 4, 2024 /PRNewswire/ — Sabre Corporation (“Sabre”) today announced that, together with its wholly-owned subsidiaries, Sabre Holdings Corporation and Sabre GLBL Inc. (“Sabre GLBL”), it has entered into privately negotiated exchange agreements (the “Exchange Agreements”) with a limited number of existing holders, who are qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and institutional accredited investors, of Sabre GLBL’s outstanding 4.000% exchangeable senior notes due 2025 (the “Existing Exchangeable Notes”). Pursuant to the Exchange Agreements, Sabre GLBL will exchange (the “Exchange”) $150.0 million in aggregate principal amount of the Existing Exchangeable Notes for (i) $150.0 million in aggregate principal amount of new exchangeable senior notes due 2026 (the “New Exchangeable Notes”) and (ii) an aggregate of approximately $32.6 million in cash, with such cash payment…