Sabre Corp Enters Material Definitive Agreement
Ticker: SABR · Form: 8-K · Filed: Mar 19, 2024 · CIK: 1597033
| Field | Detail |
|---|---|
| Company | Sabre Corp (SABR) |
| Form Type | 8-K |
| Filed Date | Mar 19, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $150.0 million, $32.6 million, $1,000, $4.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, equity-securities
TL;DR
Sabre Corp just signed a big deal, potentially creating new debt and selling stock.
AI Summary
On March 19, 2024, Sabre Corporation entered into a material definitive agreement related to its existing credit facilities. This filing also disclosed the creation of a direct financial obligation for the registrant and potentially unregistered sales of equity securities. The company is based in Southlake, Texas.
Why It Matters
This filing indicates significant financial activity and potential new obligations for Sabre Corporation, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — The filing mentions a material definitive agreement, creation of financial obligations, and unregistered sales of equity, all of which can introduce financial risks.
Key Players & Entities
- Sabre Corporation (company) — Registrant
- March 19, 2024 (date) — Date of earliest event reported
- Southlake, TX (location) — Principal executive offices location
FAQ
What specific material definitive agreement did Sabre Corporation enter into?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on or before March 19, 2024.
What is the nature of the direct financial obligation created?
The filing indicates the creation of a direct financial obligation but does not provide specific details about its terms or amount.
Were there any unregistered sales of equity securities?
The filing lists 'Unregistered Sales of Equity Securities' as an item of information, suggesting such sales may have occurred, but details are not provided in this excerpt.
What is Sabre Corporation's fiscal year end?
Sabre Corporation's fiscal year ends on December 31.
What is the SIC code for Sabre Corporation?
The Standard Industrial Classification (SIC) code for Sabre Corporation is 7370, which falls under SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Filing Stats: 1,114 words · 4 min read · ~4 pages · Grade level 11.2 · Accepted 2024-03-19 17:03:39
Key Financial Figures
- $150.0 million — iary of Sabre Corporation ("Sabre"), of $150.0 million aggregate principal amount of its outst
- $32.6 million — Exchangeable Notes") and approximately $32.6 million of cash, Sabre GLBL, as issuer, and Sab
- $1,000 — election. The initial exchange rate per $1,000 principal amount of New Exchangeable No
- $4.50 — initial exchange price of approximately $4.50 per share of Sabre's common stock. The
Filing Documents
- d797803d8k.htm (8-K) — 29KB
- d797803dex41.htm (EX-4.1) — 574KB
- g797803page46a.jpg (GRAPHIC) — 3KB
- g797803page47a.jpg (GRAPHIC) — 4KB
- g797803page49a.jpg (GRAPHIC) — 3KB
- g797803page49b.jpg (GRAPHIC) — 3KB
- g797803page50a.jpg (GRAPHIC) — 3KB
- g797803page51a.jpg (GRAPHIC) — 5KB
- 0001193125-24-071471.txt ( ) — 862KB
- sabr-20240319.xsd (EX-101.SCH) — 3KB
- sabr-20240319_lab.xml (EX-101.LAB) — 17KB
- sabr-20240319_pre.xml (EX-101.PRE) — 11KB
- d797803d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits 4.1 Indenture, dated as of March 19, 2024, by and among Sabre GLBL Inc., the guarantors party thereto, and U.S. Bank Trust Company, National Association as trustee. 4.2 Form of 7.32% Exchangeable Senior Notes due 2026 (included in Exhibit 4.1). 104 Cover Page Interactive Data File-formatted as Inline XBRL.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: March 19, 2024 Sabre Corporation By: /s/ Michael Randolfi Name: Michael Randolfi Title: Executive Vice President and Chief Financial Officer