Sabre Corporation Announces Closing of Incremental Term Loan and Amendments to its Credit Facility

  • Sabre Hospitality Solutions (CRS and other solutions)
  • 02.23.17
Sabre Corporation announced the closing of an incremental term loan credit facility.

The proceeds of the $1.9 billion incremental Term Loan B facility ("Term Loan B Facility") were applied to pay down approximately $1.75 billion of all existing classes of outstanding term loans (other than Incremental Term A Loans) incurred prior to February 22, 2017 under the Company's existing senior secured term loan credit facility (the "Credit Facility") and will be used for purposes of repaying approximately $80 million of its outstanding mortgage on its corporate headquarters and for other general corporate purposes. The Term Loan B Facility matures on February 22, 2024.

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