Every 8-K that Sabre Corp (SABR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SABR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SABR filings page.
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.
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 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.
Sabre GLBL Inc., a wholly owned subsidiary of Sabre Corporation, has issued $150.0 million of 7.00% Exchangeable Senior Notes due 2031. The notes are senior unsecured obligations of Sabre GLBL and are fully and unconditionally guaranteed on a senior unsecured basis by Sabre and Sabre Holdings.
The notes pay 7.00% interest semi-annually beginning November 15, 2026 and mature on May 15, 2031, with investor exchange rights beginning upon certain events and becoming freely exercisable from November 15, 2030. The initial exchange rate is 447.2272 shares per $1,000 principal amount, implying an initial exchange price of approximately $2.24 per share, a 30.00% premium to the $1.72 share price on May 13, 2026.
Sabre used a portion of the proceeds to repurchase $100.0 million of its 7.32% exchangeable senior notes due 2026 at par plus interest and plans to use the remaining proceeds to retire the remaining $50.0 million of those notes, which the company states is expected to result in no incremental indebtedness from this transaction.
Sabre Corporation reported first quarter 2026 results with solid top-line and profit growth but weaker cash flow. Revenue rose 8% year-on-year to $760.3 million, driven by 9% growth in Marketplace revenue to $618.0 million and 7% growth in Airline Technology revenue to $142.3 million.
Operating income increased 27% to $115.9 million, and Normalized Adjusted EBITDA grew 21% to $169.1 million, lifting the margin to 22.2%. Net income attributable to common stockholders was $8.1 million (EPS $0.02), down from $35.3 million a year earlier due mainly to lower income from discontinued operations. Free Cash Flow was negative $155.4 million, deeper than negative $80.8 million in Q1 2025.
Management highlighted 6% growth in air distribution bookings, strong Marketplace performance, and early progress in Sabre’s AI platform, including its first agentic AI travel experience with MindTrip and PayPal. The company reaffirmed full‑year 2026 guidance, targeting pro forma Adjusted EBITDA of about $585M and Free Cash Flow of about $(70M), with full‑year Free Cash Flow expected around negative $70M and modestly positive operating cash generation.
Sabre Corporation reported results of its 2026 Annual Meeting of Stockholders held on April 29, 2026. Stockholders approved the 2026 Omnibus Incentive Compensation Plan and the 2026 Director Equity Compensation Plan, both effective April 29, 2026, supporting ongoing equity- and cash-based compensation programs for employees and directors.
Sabre states that 395,173,142 shares of common stock were outstanding and entitled to vote as of the March 2, 2026 record date. Stockholders also voted on the election of directors and other matters, with detailed vote totals provided, including broker non-votes.
Sabre Corporation entered into a strategic governance agreement with Constellation Software and its affiliate, under which Sabre will appoint Damian McKay, CEO of Vela Software Group, to its board and nominate him for election at the 2026 annual meeting.
The Constellation parties, which beneficially own approximately 12.7% of Sabre’s shares, agreed to standstill and voting commitments during a specified period, including a cap on aggregate ownership at 15%. Sabre also amended its shareholder rights agreement to accelerate its expiration on March 6, 2026 and will eliminate the related Series B preferred stock designation.
Sabre Corporation, through its wholly owned subsidiary Sabre GLBL Inc., has fully redeemed its 8.625% Senior Secured Notes due 2027. On March 1, 2026, Sabre GLBL repaid all $91,607,000 aggregate principal amount of these notes.
The notes were redeemed at a price equal to 102.156% of principal, plus accrued and unpaid interest up to but excluding the redemption date, as provided under the existing indenture. This transaction removes this specific high-coupon debt from Sabre’s capital structure.
Sabre Corporation adopted a limited-duration shareholder rights plan after noting a substantial accumulation of its stock by Constellation Software. The plan issues one preferred share purchase right for each common share outstanding on March 11, 2026, with an exercise price of $7.00 per one-thousandth of a Series B preferred share.
The rights become exercisable if any person or group acquires at least 15% of Sabre’s common stock, or 20% for certain passive investors, and expire on February 28, 2027. If triggered, other shareholders can buy common stock at a 50% discount or Sabre may exchange each right for one common share, significantly diluting the triggering holder.
The Board can redeem all rights for $0.001 per right before any investor becomes an acquiring person and may exempt specific investors or transactions. Sabre states the plan is not a response to a takeover proposal and is intended to ensure all shareholders receive fair treatment in any control transaction.
Sabre Corporation reported full-year 2025 results and issued 2026 guidance. Revenue grew modestly to $2.77 billion from $2.74 billion, while operating income rose to $295 million from $242 million, reflecting lower labor, technology and professional services costs despite restructuring charges.
Full-year net income attributable to common stockholders swung to $525 million from a $279 million loss, mainly due to the gain on the sale of the Hospitality Solutions business and improved continuing operations. Normalized Adjusted EBITDA increased to $536 million from $485 million, indicating stronger underlying profitability.
In the fourth quarter, revenue reached $667 million, up from $645 million, but operating income declined to $21 million as restructuring and higher incentives weighed on results, leading to a $103 million net loss. For 2025, Free Cash Flow was negative $192 million, but Pro Forma Free Cash Flow was positive $57 million after adjusting for refinancing-related items.
Sabre repaid over $1 billion of debt, reducing net debt to $3.74 billion from $4.50 billion and ending the year with $910 million in cash, including $118 million of restricted cash. For 2026, the company targets mid-single-digit revenue growth and Pro Forma Adjusted EBITDA of about $585 million, supported by air distribution growth and expanding AI-driven travel technology initiatives.
Sabre Corporation reported that its wholly owned subsidiary Sabre Financial Borrower, LLC launched an offering of $1,000,000,000 in senior secured notes due 2029. The company also announced that it has priced this secured notes offering, with details provided in a separate press release.
In addition, Sabre began separate exchange offers through its subsidiary Sabre GLBL Inc. These offers seek to exchange any and all of its outstanding 8.625% and 11.250% Senior Secured Notes due 2027 and certain of its 10.750% Senior Secured Notes due 2029 for new 10.750% Senior Secured Notes due 2030, under terms described in a confidential offering circular dated November 20, 2025. Sabre notes that completing the notes offering, exchange offers and a concurrent term loan refinancing involves risks and uncertainties described in its recent SEC reports.
Sabre Corporation furnished an 8-K announcing it issued a press release and will hold a conference call regarding financial results for the quarter ended September 30, 2025. The press release is attached as Exhibit 99.1.
The company notes the use of non-GAAP financial measures in the press release and provides reconciliations to comparable GAAP metrics within that exhibit. The information under Item 2.02 is designated as furnished, not filed under the Exchange Act.
Sabre Corporation (NASDAQ: SABR) filed an 8-K to disclose the completion of a $1.1 billion all-cash divestiture of its Hospitality Solutions business on 3 July 2025. The transaction was executed through Sabre GLBL Inc. and Sabre HS Inc. under a Stock Purchase Agreement dated 27 April 2025 with Whitney Merger Sub, Inc. The cash consideration is subject to customary post-closing adjustments.
Key accompanying disclosures:
- Executive change: Scott Wilson, EVP and President of Hospitality Solutions, received a one-time cash bonus of $5.3 million upon closing and has terminated employment; all of his unvested Sabre equity awards have expired.
- Investor communications: A press release announcing the closing (Exhibit 99.1) was furnished under Item 7.01 and is expressly not deemed “filed” for Exchange Act purposes.
- Pro-forma data: Unaudited pro-forma financial statements reflecting the divestiture (balance sheet as of 31 March 2025 and operating results for FY 2022-2024 plus Q1 2025) were previously provided in the company’s 8-K of 19 May 2025; management states there have been no material changes to that information.
The filing focuses solely on the consummation of the asset disposition, related executive compensation, and confirms availability of pro-forma financials to aid investors in evaluating Sabre’s post-transaction profile.