$SABR

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Sabre to Launch $1.1 Billion Offering of Senior Secured Notes

Sabre (SABR) said Monday its subsidiary Sabre Financial Borrower plans to launch a $1.1 billion offering of senior secured notes.Sabre Financial intends to use the gross proceeds to fund a new intercompany loan to Sabre GLBL, which will use the loan proceeds to prepay the existing intercompany loan between Sabre Financial and Sabre GLBL, according to a statement.Sabre Financial plans to use the proceeds received from the prepayment to prepay, redeem, or repurchase certain of its existing indebtedness in the open market. This includes Sabre Financial's current tender offer and consent solicitation for its 11.125% senior secured notes due 2029, the company said.Price: $2.19, Change: $+0.02, Percent Change: +0.97%

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Wire89d ago

Sabre Collaborates With Linex Travel for Agentic AI Deployment

Sabre (SABR) said Wednesday it is launching a collaboration with Ultra Group, now Linex Loyalty, to deploy agentic artificial intelligence.The project will use Sabre's Model Context Protocol server to deploy agentic AI technology, the company said.The collaboration comes after Ultra Group's acquisition by Linex Capital and as the company is building a loyalty redemption platform for banking and financial institutions, Sabre said, adding that the company's Mosaic platform will be the engine supporting the platform.Financial details were not provided.Price: $1.96, Change: $-0.02, Percent Change: -1.26%

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