Cleary Gottlieb represented Sabre Corporation (Sabre) in establishing a $300 million at-the-market (ATM) common stock program with BofA Securities Inc., Citigroup Global Markets Inc., and Mizuho Securities USA LLC, as sales agents.
Under the program, Sabre will sell shares of common stock from time to time on the Nasdaq, to sales agents acting as principals, or otherwise. The program launched on August 19, 2021.
Sabre is a software and technology company that connects the world’s leading travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators, with travel buyers in a comprehensive travel marketplace. Sabre also offers travel suppliers an extensive suite of leading software solutions, ranging from airline and hotel reservations systems to high-value marketing and operations solutions, such as planning airline crew schedules, re-accommodating passengers during irregular flight operations, and managing day-to-day hotel operations. Cleary has represented Sabre in numerous previous transactions.