$548 Million Secondary Equity Offering of Sabre

February 10, 2015

Cleary Gottlieb represented Sabre Corporation, and certain members of management and affiliates of TPG Global and Silver Lake Partners (collectively, the “selling stockholders”) in a $548 million secondary public offering of 27,370,000 shares of common stock (including full exercise of the underwriters’ option to purchase additional shares of common stock).

The initial offering of 20,000,000 shares was upsized nearly 20% to 23,800,000 shares at pricing, and the underwriters’ option to purchase 3,570,000 additional shares of common stock was exercised in full. The offering priced at $20.75 per share, a premium to the share price when the offering launched, on February 4, 2015 and closed on February 10, 2015. All of the shares of common stock offered were sold by the selling stockholders. Sabre did not sell any shares or receive any proceeds from the offering. Following the offering, affiliates of TPG Global and Silver Lake Partners, will continue to own approximately 69% of Sabre. Cleary Gottlieb also acted as counsel to Sabre in Sabre’s initial public offering in April 2014.

Sabre is a leading technology provider to the global travel and tourism industry. Sabre’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than $100 billion of estimated travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre operates offices in approximately 60 countries around the world.