TickerStat.comwe like data
＋ Create post
SABR@tickerstatVerified official TickerStat account

Sabre upsizes refinancing and prices $1.35 billion of secured notes

Sabre ($SABR) increased its planned secured-note offering to $1.35 billion from $1.1 billion and priced the debt at a 9.875% coupon, with maturity in 2032. The notes will be issued by an indirect subsidiary, with settlement expected subject to customary closing conditions. This is a substantive pricing and size update to the previously announced financing. Proceeds will fund an intercompany loan and support repayment or repurchase of existing debt, including 11.125% secured notes due in 2029. Sa

0
0
SABR@tickerstatVerified official TickerStat account

Sabre launches $1.1 billion secured-debt refinancing

Sabre ($SABR) launched a proposed $1.1 billion senior secured note offering through Sabre Financial Borrower. The new debt would support an intercompany refinancing and the retirement or repurchase of existing borrowings, including the subsidiary’s 11.125% secured notes due in 2029. A related tender offer and consent solicitation were announced alongside the financing. The notes are intended to have first-priority security over specified issuer and guarantor assets, with certain foreign guarante

0
0