Southlake, Texas – September 24, 2026 -- Sabre GLBL Inc., the wholly-owned subsidiary of Sabre Corporation (Nasdaq: SABR), has capped its cash tender offer at a $250 million aggregate purchase price, triggering a proration of its 10.750% Senior Secured Notes due 2029 at approximately 84.0%.
Tender offers expired September 24, 2026 with the $250 million ceiling exceeded
The tender offers closed at 5:00 p.m. New York City time on September 24, 2026, according to information supplied to D.F. King & Co., Inc., the tender and information agent. Because the aggregate purchase price of validly tendered 10.750% Notes due 2029 alone exceeded the $250 million cap, no 10.750% Senior Secured Notes due 2030 or 11.125% Senior Secured Notes due 2030 will be accepted for purchase.
Only the 2029 notes will be accepted, subject to pro rata scale-back
Holders of the 10.750% 2029 Notes accepted for purchase will receive the purchase price specified in the offer documents plus accrued interest from the most recent interest payment date up to, but excluding, the settlement date. Securities tendered but not purchased due to proration will be returned to holders promptly after settlement.
Payment is expected September 28, 2026, pending financing conditions
Sabre GLBL said the offers remain subject to conditions outlined in the September 15, 2026 Offer to Purchase, including financing for the transaction. The company retains sole discretion to waive conditions, extend the expiration date, amend terms, or adjust the maximum purchase price.
BofA Securities and D.F. King are managing the transaction
BofA Securities is acting as dealer manager for the tender offers, while D.F. King & Co., Inc. serves as tender and information agent. Withdrawal rights for tendered securities expired alongside the offer, meaning holders can no longer pull back tendered notes except where law requires additional withdrawal rights.