SOUTHLAKE, Texas , Nov. 22, 2024 /PRNewswire/ -- Sabre Corporation ("Sabre") today announced the initial results of the previously announced exchange offers (each, an "Exchange Offer" and together, the "Exchange Offers") by Sabre GLBL Inc. ("Sabre GLBL"), a wholly-owned subsidiary of Sabre, to exchange certain of its outstanding 11.
250% Senior Secured Notes due 2027 (the " December 2027 Notes") and 8.625% Senior Secured Notes due 2027 (the " June 2027 Notes" and, together with the December 2027 Notes, the "Existing Notes" and each of them a "series" of Existing Notes) for up to $500 million (as such amount may be amended by Sabre GLBL in its sole discretion, the "Maximum Exchange Amount") in aggregate principal amount of Sabre GLBL's new 10.750% Senior Secured Notes due 2029 (the "New Notes"), upon the terms and subject to the conditions described in the confidential offering circular, dated November 7, 2024 , as amended by this press release (as so amended, the "Offering Circular").
Sabre further announced that it is amending its Exchange Offers to increase the Maximum Exchange Amount to $800 million . Except for the increase in the Maximum Exchange Amount as described in this press release, no other terms of the Exchange Offers are being amended. In addition, Sabre announced that Sabre GLBL will exchange $775 million (as increased from the previously announced $375 million ) of its existing senior secured term loans (the "Old Term Loans") for the same amount of new senior s.
