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Stock impact report

Sabre expands its accounts receivable securitization facility to $235 million and increases liquidity [Yahoo! Finance]

Sabre Corporation (SABR) 
Last sabre corporation earnings: 2/26 08:03 am Check Earnings Report
US:NASDAQ Investor Relations: investors.sabre.com/investor-relations
Company Research Source: Yahoo! Finance
SOUTHLAKE, Texas April 2, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR) ("Sabre" or the "Company"), a leading technology provider to the global travel industry, today announced that its indirect subsidiary, Sabre Securitization LLC, has increased the overall size of its existing accounts receivable securitization facility (the "AR Facility") from $200 million to $235 million and extended its maturity date to March 2027 . The AR Facility now consists of a fully-funded $120 million "first-in, last-out" tranche (the "FILO Facility"), provided by various entities advised by affiliates of Centerbridge Partners, L.P. ("Centerbridge"), and a $115 million revolving tranche provided by the existing lender, PNC Bank N.A. ("PNC"). PNC will continue to act as the administrative agent. The transactions described above, including the establishment of the FILO Facility, increased the drawn amount under the AR Facility from approximately $120 million immediately prior to the transactions t Show less Read more
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