Sabre in Financing Transaction

February 19, 2013

Cleary Gottlieb represented Sabre Inc. in the refinancing of its existing senior secured credit facilities. The new senior secured credit facilities, which closed on February 19, include a $1.775 billion term loan B facility, a $425 million term loan facility for CLO lenders and a $352 million multi-currency revolving credit facility that includes borrowing capacity available for letters of credit and swingline loans.

The proceeds of the new senior secured credit facilities were used in part to refinance all obligations under Sabre’s existing credit facilities and to pay related fees and expenses.

Sabre is a global travel technology company serving the world’s largest industry – travel and tourism. Sabre provides software to travel agencies, corporations, travelers, airlines, hotels, car, rail, cruise and tour operator companies through its four businesses: Sabre Travel Network, Sabre Airline Solutions, Sabre Hospitality Solutions and Travelocity, its online travel agency. Headquartered in Southlake, Texas, Sabre has approximately 10,000 employees in approximately 60 countries around the world. Sabre is privately owned by TPG and Silver Lake Partners.