2023-06-08 09:05:26 ET
- Sabre GLBL, a wholly-owned subsidiary of Sabre ( NASDAQ: SABR ) has entered into an amendment for the amount available under the term facility to $700M.
- The Term Loan Facility will bear interest at a floating rate, payable quarterly and set in arrears every quarter based on the average of the highest yield to maturity of any tranche of Sabre GLBL’s or any of its affiliates’ outstanding third-party indebtedness on each of the 20 prior trading days, plus (i) 25 basis points for cash interest or (ii) 175 basis points for payable-in-kind interest.
- Press Release
For further details see:
Sabre’s term loan availability amended to up to $700M from $665M