An announcement from Sabre (SABR) is now available.
Sabre and its subsidiaries have announced the exchange of $150 million in outstanding senior notes due in 2025 for new notes due in 2026, along with a $32.6 million cash payment to select institutional investors. The interest rate for the new notes will range between 4.00% to 7.50%, with terms allowing exchanges under specific conditions and guaranteeing a semi-annual interest payment. This strategic move does not constitute an offer to sell but is a forward-looking statement, indicating Sabre’s anticipation of its financial maneuvering and potential impact on its future operations.
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