Sabre Corporation, through its indirect wholly owned subsidiary Sabre Financial Borrower, LLC, settled a cash tender offer for any and all of its 11.125% Senior Secured Notes due 2029. At the October 12, 2026 expiration, $931,583,000 aggregate principal amount had been validly tendered and not withdrawn, representing approximately 93.16% of the outstanding notes.
On October 13, 2026, Sabre Financial completed the redemption of the remaining $68,417,000 aggregate principal amount at 109.250% of principal, plus accrued and unpaid interest to but excluding the redemption date.
Sabre Corporation reported that its indirect wholly owned subsidiary Sabre Financial Borrower, LLC issued $1.35 billion of 9.875% senior secured notes due October 15, 2032. The proceeds funded a $1.35 billion loan to Sabre GLBL, which used them to refinance part of an existing intercompany loan and repurchase $251,888,000 aggregate principal amount of its 10.750% notes due 2029.
Sabre Financial repurchased $930,682,000 aggregate principal amount of its 11.125% notes due 2029, equal to 93.07% of the $1 billion outstanding. It deposited funds for the intended October 13, 2026 redemption of the remaining $69,318,000 at 109.250% plus accrued and unpaid interest. The indenture was satisfied and discharged, and the collateral liens were released. Amendments eliminating substantially all restrictive covenants and certain events of default became effective September 28, 2026.
The new notes’ indenture limits Sabre Financial’s dividend payments, subject to exceptions, which may affect Sabre common shareholders’ ability to receive dividends.
Sabre Corp (SABR) disclosed that wholly owned subsidiary Sabre Financial Borrower, LLC has priced an upsized private offering of $1.35 billion aggregate principal amount of 9.875% Senior Secured Notes due October 15, 2032, increased from a previously announced $1.1 billion. The notes will be fully and unconditionally guaranteed on a secured basis by Sabre Financing Holdings LLC and certain foreign subsidiaries, with foreign guarantees limited to $400 million.
Sabre Financial plans to use the gross proceeds to fund a new intercompany loan to Sabre GLBL Inc., which is expected to be used to prepay an existing intercompany loan at 100% of principal plus a make‑whole premium and accrued interest, and to prepay, redeem or repurchase existing indebtedness, including 11.125% Senior Secured Notes due 2029. Concurrently, Sabre Financial has launched a cash tender offer and consent solicitation for $1.0 billion of its 11.125% Senior Secured Notes due 2029, offering Total Consideration of $1,092.50 per $1,000 (including a $50 Early Tender Premium) for notes tendered by the Early Tender Deadline.
Separately, Sabre GLBL has commenced additional cash tender offers for three series of senior secured notes, subject to an Aggregate Maximum Tender Amount of $250 million, with differing acceptance priority levels and purchase prices. All tender offers and the consent solicitation are subject to customary conditions, including consummation of the new Secured Notes financing.
Sabre Corporation shareholder Roshan C. Mendis filed a Form 144 indicating an intention to sell up to 100,000 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services, with an approximate aggregate market value of $220,000.00 as of 08/14/2026 on NASDAQ.
The filing states these shares were acquired through restricted stock vesting under a registered plan, including 44,107 shares vesting on 03/15/2023, 53,368 on 03/15/2024, and 2,525 on 05/15/2024. It also lists sales during the past three months: 100,000 shares for $206,500.00 on 08/07/2026, 28,200 shares for $59,242.56 on 08/11/2026, and 71,800 shares for $151,182.08 on 08/13/2026.
EARNEST Partners, LLC reports beneficial ownership of Sabre Corp common stock on a Schedule 13G/A. The firm holds 23,696,407 shares, representing 6.0% of the outstanding common stock. It has sole voting power over 14,889,246 shares and shared voting power over 2,327,438 shares. EARNEST Partners has sole dispositive power over all 23,696,407 shares and no shared dispositive power. The filing is made in its capacity as an investment adviser, and it states that no individual client’s interest relates to more than five percent of the class.
Roshan C. Mendis, an affiliate of the issuer of SABR common stock, filed a notice to sell up to 71,800 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services, with an aggregate market value of $151,182.08 and a proposed sale date of August 13, 2026 on NASDAQ. The filing also lists recent sales during the past three months, including 100,000 shares for $206,500.00 on August 7, 2026 and 28,200 shares for $59,242.56 on August 11, 2026.
Sabre Corp. investor Roshan C. Mendis filed a notice of intent to sell 100,000 shares of SABR common stock. The planned sale is dated 08/07/2026, with an aggregate market value of $206,500.00, to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services on NASDAQ. The shares include stock acquired via restricted stock vesting under a registered plan on 03/15/2021 (16,028 shares) and 06/15/2021 (12,172 shares).
Sabre Corporation’s indirect subsidiary Sabre Securitization, LLC entered into a Fourth Amendment to its accounts receivable securitization facility with PNC and other lenders. The changes are expected to become effective on September 30, 2026, after conditions precedent are satisfied, and will add Sabre Asia Pacific PTE. Ltd. as an originator.
Upon effectiveness, the facility’s stated overall size will increase from $115 million to $130 million, and it is described as consisting of an existing $120 million “first-in, last-out” tranche and a $130 million revolving tranche. The scheduled termination date will move to September 28, 2029, subject to a springing maturity 91 days before certain indebtedness of the company and its subsidiaries exceeding $65.0 million matures. Borrowings will bear interest based on SOFR plus drawn fees of 275 basis points for Class A Lenders and 625 basis points for Class B Lenders, with additional call protection and undrawn commitment fees, all secured by receivables owned by a bankruptcy-remote special purpose entity.
A shareholder of SABR has filed a notice of proposed sale of 100,000 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services at an aggregate value of $206,500.00, with the proposed sale date of August 7, 2026 on NASDAQ.
The shares were acquired through restricted stock vesting under a registered plan on multiple dates, including May 26, 2015, March 15, 2020, September 15, 2020, March 15, 2021, May 14, 2024, and August 6, 2024, in lot sizes ranging from 348 to 31,067 shares.
Sabre Corporation reported revenue of $711,961 thousand for the quarter ended June 30, 2026, up from $687,149 thousand a year earlier, driven by Marketplace revenue of $576,839 thousand and Airline Technology revenue of $135,122 thousand. Operating income was $92,783 thousand, but high interest expense and other items produced a loss from continuing operations of $36,373 thousand and a net loss of $36,155 thousand, a substantial improvement from a $256,532 thousand net loss in the prior-year quarter.
For the first half of 2026, revenue totaled $1,472,287 thousand, with net loss of $28,147 thousand. Cash used in operating activities improved to $98,011 thousand from $281,841 thousand, while cash, cash equivalents and restricted cash declined to $697,004 thousand. Face value of debt remained high at $4,484,417 thousand, contributing to significant interest expense. Stockholders’ deficit widened slightly to $1,055,155 thousand. The company completed the 2025 sale of its Hospitality Solutions business for net proceeds of $969,000 thousand and now records TSA service and Marketplace revenue from that buyer. An inflation offset restructuring program has incurred $62 million of costs to date, with most disbursements expected in 2026. Management cites air-booking headwinds from conflict in the Middle East and higher fuel prices, anticipates low-to-mid-single-digit air bookings growth for 2026, and believes existing resources are sufficient to fund liquidity needs over at least the next twelve months.