Company: SABR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049383
Chunk: 203

Company: Sabre Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 203
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759 (9,898)Effect of exchange rate changes on cash, cash equivalents and restricted cash4,385 176 (Decrease) increase in cash, cash equivalents and restricted cash$(62,771)$20,557 

Operating Activities

Cash used in operating activities totaled $248 million for the nine months ended September 30, 2025. The $243 million decrease in operating cash flow from the same period in the prior year was primarily due to payments in June 2025 of previously paid-in-kind interest and currently accrued interest of $227 million in connection with refinancing our Senior Secured Term Loan Due 2028 and a contribution of $14 million to our defined benefit pension plan, offset by a $19 million decrease in interest payments in connection with our other debt.

Investing Activities

For the nine months ended September 30, 2025, we used $59 million of cash for capital expenditures primarily related to software developed for internal use, partially offset by the proceeds received from the sale of assets of $9 million.

For the nine months ended September 30, 2024, we used $65 million of cash for capital expenditures primarily related to software developed for internal use and acquired software licenses associated with our internal billing systems, partially offset by proceeds received from the sale of investment in securities of $55 million.

Financing Activities

For the nine months ended September 30, 2025, financing activities used $804 million. Significant highlights of our financing activities include:

•payments of $806 million on our 2021 Term Loan B-1, 2021 Term Loan B-2, 2022 Term Loan B-1, 2022 Term Loan B-2, 2024 Term Loan B-1 and 2024 Term Loan B-2, $700 million on our Senior Secured Term Loan Due 2028, $325 million on our June 2027 Notes, $183 million on our 2025 Exchangeable Notes, $23 million on our September 2025 Notes and $10 million on our April 2025 Notes;

•proceeds of $1.325 billion from the issuance of the July 2030 Notes;

•payment of $72 million for debt discount and issuance costs;

•net payments of $10 million from the settlement of employee stock awards;

•net payments of $4 million on borrowings on our AR Facility; and 

•net receipts received on behalf of Hospitality Solutions under