Sabre Corp (SABR) SEC Filings

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.

Sabre Corporation reported second-quarter 2026 results showing modest growth and stronger profitability metrics. Revenue was $712 million, up 4% year on year, with Marketplace revenue up 6% to $577 million and Airline Technology revenue down 4% to $135 million. Operating income rose 4% to $93 million.

The company still posted a net loss attributable to common stockholders of $36 million, but this was a sharp improvement from a $256 million loss a year earlier, driven by higher operating income, lower loss on extinguishment of debt and a lower tax provision. Adjusted EBITDA increased 21% to $143 million, and Normalized Adjusted EBITDA grew 19% to $151 million, expanding margins.

Cash generation improved significantly. Free Cash Flow turned positive at $10 million versus negative $240 million in the prior-year quarter, and Sabre ended the period with a cash balance of $697 million. Based on first-half performance, the company reaffirmed 2026 guidance for revenue and air distribution bookings growth, while raising full-year guidance for Pro Forma Adjusted EBITDA to approximately $600 million and for Free Cash Flow to approximately negative $65 million.

Sabre Corp reported the initial holdings of Principal Accounting Officer Scott Hortenstine on a Form 3. He directly holds 124,366 shares of common stock. This total includes several restricted stock unit (RSU) awards that vest between May 2027 and May 2028, contingent on his continued employment.

Sabre Corporation named Scott Hortenstine, currently Vice President of Global Accounting, as its new principal accounting officer and Vice President and Controller, effective July 1, 2026. He replaces Jami Kindle in the principal accounting officer role, with Kindle serving through June 30, 2026.

Hortenstine has been with Sabre since 2015 and has led Global Accounting since 2023. He is a Certified Public Accountant with a Master’s degree in Accounting from the University of Texas at Austin and will receive Sabre’s standard vice president-level salary, annual incentive eligibility, and long-term incentives.