Company: SABR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001597033-25-000061
Chunk: 200

Company: Sabre Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 200
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•payments of $3 million on our 2021 Term Loan B-1, 2024 Term Loan B-1 and 2024 Term Loan B-2; and

•net payments of $2 million from the settlement of employee stock awards.

For the three months ended March 31, 2024, financing activities provided $78 million. Significant highlights of our financing activities include:

•proceeds of $150 million from the issuance of the 2026 Exchangeable Notes;

•payment of $150 million on our 2025 Exchangeable Notes;

•proceeds of $120 million from the issuance of the FILO Facility;

•proceeds of $50 million from the issuance of our June 2027 Notes;

•payment of $49 million for debt discount and issuance costs;

•payment of $36 million on our September 2025 Notes and $7 million on our April 2025 Notes;

•net proceeds of $2 million from borrowings on our AR Facility; and

•net payments of $2 million from the settlement of employee stock awards.

Contractual Obligations

There were no material changes to our future minimum contractual obligations since December 31, 2024, as previously disclosed in our Annual Report on Form 10-K filed with the SEC on February 20, 2025, other than a multi-year agreement we entered into in the first quarter of 2025 with a digital services and solutions provider, with an aggregate obligation to the provider of approximately $1.6 billion, with $21 million due within the next 12 months.

We had no off balance sheet arrangements during the three months ended March 31, 2025 and year ended December 31, 2024.

Recent Accounting Pronouncements

Information related to Recent Accounting Pronouncements is included in Note 1. General Information, to our consolidated financial statements included in Part I, Item 1 in this Quarterly Report on Form 10-Q, which is incorporated herein by reference.

Critical Accounting Estimates

This discussion and analysis of our financial condition and results of operations is based on our consolidated financial statements, which have been prepared in accordance with GAAP. The preparation of these financial statements requires us to make estimates and judgments that affect our reported assets and liabilities, revenues and expenses and other financial information. Actual results may differ significantly from these estimates, and our reported financial condition and results of operations could vary under different assumptions and conditions. In addition, our reported financial