Company: SABR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001597033-25-000061
Chunk: 62

Company: Sabre Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 on a recurring basis as of March 31, 2025 and December 31, 2024 (in thousands): Fair Value at Reporting Date UsingAssets:March 31, 2025Level 1Level 2Level 3Money market funds341,355 341,355 — — Time deposits81,965 — 81,965 — Investment in securities401 401 — — Total assets$423,721 $341,756 $81,965 $— Liabilities:Derivatives(1)Interest rate swap contracts$(2,734)$— $(2,734)$— Total liabilities$(2,734)$— $(2,734)$—  Fair Value at Reporting Date UsingAssets:December 31, 2024Level 1Level 2Level 3Money market funds$425,407 $425,407 $— $— Time deposits78,595 — 78,595 — Investment in securities555 555 — — Total assets$504,557 $425,962 $78,595 $— Liabilities:Derivatives(1)Interest rate swap contracts$(2,266)$— $(2,266)$— Total liabilities$(2,266)$— $(2,266)$— ______________________(1) See Note 7. Derivatives for further detail.There were no transfers between Levels 1 and 2 within the fair value hierarchy for the three months ended March 31, 2025.Other Financial InstrumentsThe carrying value of our financial instruments including cash and cash equivalents, restricted cash and accounts receivable approximates their fair values due to the short term nature of these instruments. The fair values of our 2025 Exchangeable Notes and 2026 Exchangeable Notes, senior secured notes due 2025, 2027 and 2029 and term loans under our Amended and Restated Credit Agreement are determined based on quoted market prices for a similar liability when traded as an asset in an active market, a Level 2 input. The fair value of the Senior Secured Term Loan Due 2028 and FILO Facility were determined using a valuation model that includes certain assumptions and Level 3 inputs. The outstanding principal balances of our AR Facility and FILO Facility approximated their fair value as of March 31, 2025. 

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The following table presents the fair value