Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 42

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 42
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 Receivable, net on our consolidated balance sheets. Our allowance for credit losses for the year ended December 31, 2024 and 2023 for our portfolio segment is summarized as follows (in thousands):Year Ended December 31, 2024Balance at December 31, 2022$38,815 Provision for expected credit losses5,872 Write-offs(10,600)Other256 Balance at December 31, 202334,343 Provision for expected credit losses2,059 Write-offs(10,332)Other(278)Balance at December 31, 2024$25,792 We regularly monitor the financial condition of the air transportation industry. The credit risk related to the air carriers’ difficulties is significantly mitigated by the fact that we collect a significant portion of the receivables from these carriers through the ACH. As of December 31, 2024, approximately 54% of our air customers make payments through the ACH which accounts for approximately 89% of transaction revenue related to air customers. For these carriers, the use of ACH mitigates our credit risk with respect to airline bankruptcies. For those carriers from which we do not collect payments through the ACH or other similar clearing houses, our credit risk is higher. We monitor these carriers and account for the related credit risk through our normal reserve policies.

10. DebtAs of December 31, 2024 and 2023, our outstanding debt included in our consolidated balance sheets totaled $5,065 million and $4,834 million, respectively, which are net of debt issuance costs of $56 million and $63 million, respectively, and unamortized discounts of $100 million and $65 million, respectively. The following table sets forth the face values of our outstanding debt as of December 31, 2024 and 2023 (in thousands):   December 31, RateMaturity20242023Senior Secured Credit Facilities:2021 Term Loan B-1S(1)+3.50%December 2027$314,860 $392,015 2021 Term Loan B-2S(1)+3.50%December 2027366,280 614,151 2022 Term Loan B-1S(1) + 4.25%June 2028382,147 603,447 2022 Term Loan B-2S(1) + 5.00%June