Sabre Corp Files 8-K: Material Agreement & Financial Obligation
Ticker: SABR · Form: 8-K · Filed: Apr 3, 2024 · CIK: 1597033
| Field | Detail |
|---|---|
| Company | Sabre Corp (SABR) |
| Form Type | 8-K |
| Filed Date | Apr 3, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $200 million, $235 m, $120 million, $115 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, regulation-fd
TL;DR
Sabre Corp signed a big deal and owes money, filing an 8-K on 3/29.
AI Summary
On March 29, 2024, Sabre Corporation entered into a Material Definitive Agreement and created a Direct Financial Obligation. The company also issued a Regulation FD Disclosure and filed financial statements and exhibits. Specific details regarding the agreement and financial obligation are not provided in this excerpt.
Why It Matters
This filing indicates Sabre Corporation has entered into a significant agreement and incurred a financial obligation, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, which inherently carry financial risks that need further investigation.
Key Players & Entities
- Sabre Corporation (company) — Registrant
- March 29, 2024 (date) — Date of earliest event reported
- 3150 Sabre Drive (address) — Principal executive offices
- Southlake, TX 76092 (address) — Principal executive offices
- (682) 605-1000 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the Material Definitive Agreement entered into by Sabre Corporation?
The provided excerpt does not specify the details of the Material Definitive Agreement.
What is the nature of the Direct Financial Obligation created by Sabre Corporation?
The provided excerpt does not specify the details of the Direct Financial Obligation.
What information is contained within the Regulation FD Disclosure?
The provided excerpt does not detail the content of the Regulation FD Disclosure.
What specific financial statements and exhibits were filed?
The provided excerpt mentions the filing of financial statements and exhibits but does not list them.
What is Sabre Corporation's principal executive office address?
Sabre Corporation's principal executive office is located at 3150 Sabre Drive, Southlake, TX 76092.
Filing Stats: 1,188 words · 5 min read · ~4 pages · Grade level 12.1 · Accepted 2024-04-03 17:01:02
Key Financial Figures
- $200 million — he overall size of the AR Facility from $200 million to $235 million, extended its maturity
- $235 m — of the AR Facility from $200 million to $235 million, extended its maturity date to Ma
- $120 million — ment, the AR Facility now consists of a $120 million "first-in, last-out" tranche provided b
- $115 million — s of Centerbridge Partners, L.P., and a $115 million revolving tranche provided by PNC Bank,
Filing Documents
- d766330d8k.htm (8-K) — 30KB
- d766330dex101.htm (EX-10.1) — 1093KB
- d766330dex991.htm (EX-99.1) — 10KB
- 0001193125-24-086079.txt ( ) — 1491KB
- sabr-20240329.xsd (EX-101.SCH) — 3KB
- sabr-20240329_lab.xml (EX-101.LAB) — 17KB
- sabr-20240329_pre.xml (EX-101.PRE) — 11KB
- d766330d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 10.1 First Amendment to Receivables Financing Agreement, dated as of March 29, 2024, among Sabre Securitization, LLC, as borrower, Sabre Corporation, as parent, Sabre GLBL, Inc. and Sabre Global Technologies Limited, as servicers, PNC Bank, National Association, as administrative agent and Class A Lender Representative, Centerbridge Credit CS, L.P., as Class B Lender Representative, the lenders party thereto, and PNC Capital Markets LLC, as structuring agent. 99.1 Press Release dated April 2, 2024. 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: April 3, 2024 Sabre Corporation By: /s/ Michael Randolfi Name: Michael Randolfi Title: Executive Vice President and Chief Financial Officer