Loan & DebtAug 7, 2026, 04:34 PM
Sabre Amends AR Securitization: $130M Facility, Extends to 2029
AI Summary
Sabre Corp.'s indirect subsidiary, Sabre Securitization, LLC, amended its accounts receivable securitization facility. The amendment increases the facility size from $115 million to $130 million and extends the maturity date to September 28, 2029. Additionally, Sabre Asia Pacific PTE. Ltd. will be added as an originator, and the facility will bear interest based on SOFR plus a drawn fee. These changes are expected to become effective on September 30, 2026, upon satisfaction of certain conditions.
Key Highlights
- Accounts receivable securitization facility increased from $115 million to $130 million.
- Maturity date extended to September 28, 2029.
- Sabre Asia Pacific PTE. Ltd. added as an originator under the facility.
- Effective date for changes is September 30, 2026, subject to conditions.
- Interest for Class A lenders will be SOFR + 275 basis points.
- Interest for Class B lenders will be SOFR + 625 basis points.
- Facility includes a $120 million "first-in, last-out" tranche and a $130 million revolving tranche.
Price Impact
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