Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 440

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1A
Chunk 440
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 in) operating activities within the consolidated statements of cash flows. Derivatives not designated as hedging instruments are carried at fair value with changes in fair value reflected in Other, net in the consolidated statements of operations.Interest Rate Swap Contracts—Interest rate swaps outstanding at December 31, 2024 and matured during the years ended December 31, 2024, 2023 and 2022 are as follows:Notional AmountInterest RateReceivedInterest Rate PaidEffective DateMaturity DateDesignated as Hedging Instrument$200 million1 month SOFR(1)   3.09%(2)April 30, 2022December 31, 2023$150 million1 month SOFR(1)   3.98%(3)June 30, 2022December 31, 2023$250 million1 month SOFR(1)4.72%June 30, 2023June 30, 2026$250 million1 month SOFR(1)3.88%December 31, 2023December 31, 2024$250 million1 month SOFR(1)4.37%January 16, 2024January 31, 2026____________________(1)     Subject to a 0.5% floor.(2)    Fixed fee of 1.71% effective April 30, 2022, and expiring December 30, 2022, and 3.09% effective December 31, 2022, and expiring December 31, 2023. (3)    Fixed fee of 2.79% effective June 30, 2022, and expiring December 30, 2022, and 3.98% effective December 31, 2022, and expiring December 31, 2023.In April 2022, we entered into an interest rate swap to hedge the interest payments associated with $200 million of the floating-rate 2022 Term Loan B-1 for the years 2022 and 2023. In June 2022, we entered into an interest rate swap to hedge the interest payments associated with $150 million of the floating-rate 2022 Term Loan B-1 for the years 2022 and 2023. In February 2023, we entered into a forward-starting interest rate swap to hedge the interest payments associated with $250 million of the floating-rate