Sabre Launches Exchange Offers for 2027 Notes, Up to $379 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2025
0mins
Source: PRnewswire
- Bond Exchange Program: Sabre GLBL has initiated an exchange offer for its 8.625% and 11.250% Senior Secured Notes due 2027, aiming to accept up to $379 million of 2029 Notes to optimize its capital structure and reduce financing costs.
- Early Exchange Incentive: To encourage participation before December 19, Sabre GLBL is offering a $75 cash incentive for each 2027 Note tendered, which is expected to enhance the effective exchange rate of the bonds.
- Debt Restructuring: Sabre GLBL plans to refinance $375 million of existing senior secured term loans, extending maturity to 2029 and reducing the interest rate to SOFR + 625 bps, which is anticipated to improve cash flow and financial flexibility.
- Market Reaction: The bond exchange and restructuring plan is expected to close on December 8, and if successful, will strengthen Sabre's competitive position in the global travel technology market and boost investor confidence.
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Analyst Views on SABR
Wall Street analysts forecast SABR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SABR is 2.85 USD with a low forecast of 2.25 USD and a high forecast of 3.30 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 1.210
Low
2.25
Averages
2.85
High
3.30
Current: 1.210
Low
2.25
Averages
2.85
High
3.30
About SABR
Sabre Corporation is a technology company. The Company enables airlines, hoteliers, agencies and other partners to retail, distribute and fulfill travel worldwide. It serves customers in more than 160 countries globally. Its travel solution is a global business-to-business travel marketplace for travel suppliers and travel buyers, including a broad portfolio of software technology products and solutions for airlines. It offers third-party ground handling check-in and e-ticketing, agency air shopping, agency core services, agency managed commission, airline ancillaries, airline shopping, automated exchange and refund, booking engine, cargo revenue manager, central reservation system, channel connect, custom messaging, digital marketing, direct pay, fleet manager, gift cards and vouchers, and inventory services. The Company also provides agencies with a complete solution for shopping, booking, and fulfilling rail trips.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sabre Corporation Partners with Five Travel Tech Providers to Access NDC Content from 42 Airlines
- NDC Content Access: Sabre partners with Lleego, Vibe, TPConnects, Ypsilon.net, and Mesh to enable their clients to access New Distribution Capability (NDC) content from 42 airlines within existing workflows, addressing the market's demand for modern airline content.
- Integration Advantages: By utilizing Sabre's standardized APIs, these providers can present multi-source content uniformly, significantly reducing manual workarounds and errors while enhancing the speed of onboarding new airline content, thus improving customer experience.
- Market Coverage Expansion: Sabre now offers the industry's broadest NDC airline coverage, including British Airways, Air France, and Qatar Airways, with over 60 additional airlines expected to come online, further enhancing flexibility for agencies and corporates.
- Enhanced Customer Value: Through the SabreMosaic Travel Marketplace, agencies and corporates can compare options from traditional and low-cost carriers on a single platform, ensuring policy controls and duty-of-care visibility while enjoying continuous pricing and exclusive promotions, optimizing the overall traveler experience.
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Sabre Corporation Partners with Five Travel Tech Providers to Integrate NDC Access
- NDC Access Expansion: Sabre partners with five travel technology providers—Lleego, Vibe, TPConnects, Ypsilon.net, and Mesh—to progressively integrate New Distribution Capability (NDC) content from 42 airlines, addressing the market's demand for unified access to modern airline offerings.
- Technical Integration Benefits: Utilizing Sabre's standardized APIs, these providers can seamlessly incorporate NDC content into existing workflows, significantly reducing manual workarounds and errors while enhancing the speed of onboarding new airline offerings.
- Market Coverage Enhancement: Sabre now offers the industry's broadest NDC airline coverage, including British Airways, Air France, and Lufthansa, with over 60 additional carriers set to join, thereby increasing flexibility for agencies and corporates in their content selection.
- Customer Experience Improvement: The integrated NDC content is displayed alongside traditional carrier options, enabling agents to efficiently compare and select the best flights for client needs while maintaining corporate policy controls and duty-of-care visibility.
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