Sabre in $581 Million Offering

November 29, 2018

Cleary Gottlieb represented Sabre Corp. (Sabre) and affiliates of TPG Global LLC (TPG Global) and Silver Lake Partners (collectively, the selling stockholders) in a $581 million secondary public offering of 23.31 million shares of Sabre common stock.

The offering priced on November 26, 2018, and closed on November 29, 2018. All of the common stock shares offered were sold by the selling stockholders. Sabre did not sell any shares or receive any proceeds from the offering. Following the closing of the offering, the selling stockholders will no longer hold any shares of Sabre.

Cleary acted as counsel to Sabre in its initial public offering in April 2014; in eight other secondary public offerings by the selling stockholders in February 2015, May 2015, August 2015, November 2015, February 2016, March 2018, June 2018, and August 2018; and in offerings of senior secured notes by Sabre GLBL in April 2015 and November 2015.

Sabre is a leading technology provider to the global travel and tourism industry. Its 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, and flight, network, and crew management. It also operates a leading global travel marketplace, which processes more than $120 billion of estimated travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, Sabre serves customers in more than 160 countries around the world.