Company: SABR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001597033-25-000061
Chunk: 149

Company: Sabre Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 149
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2027120,000 120,000 9.25% senior secured notes due 2025(5)9.25%April 202510,416 10,416 4.00% senior exchangeable notes due 2025(5)4.00%April 2025183,220 183,220 7.375% senior secured notes due 20257.375%September 202523,393 23,393 7.32% senior exchangeable notes due 20267.32%August 2026150,000 150,000 8.625% senior secured notes due 20278.625%June 2027656,783 656,783 11.25% senior secured notes due 202711.25%December 202745,814 45,814 10.75% senior secured notes due 202910.75%November 2029824,714 824,714 Face value of total debt outstanding  5,264,900 5,220,920 Less current portion of debt outstanding(233,007)(230,704)Face value of long-term debt outstanding  $5,031,893 $4,990,216 ______________________(1) Represents the Secured Overnight Financing Rate ("SOFR").(2) Represents the Reference Rate as defined below.(3) At our election, if interest is paid in cash the spread is 0.25% per annum, and in the case of interest paid-in-kind the spread is 1.75%.(4) In connection with the issuance of the FILO Facility (as defined below), the drawn fee rate varies based on our leverage ratio. The drawn fee rate ranges from 3.00% to 4.00%, with incremental increases of 0.25% between these levels.(5)Repaid in full on April 15, 2025.We had outstanding letters of credit totaling $12 million and $13 million as of March 31, 2025 and December 31, 2024, respectively, which were secured by a $21 million cash collateral deposit account.The weighted average interest rate on our short-term borrowings, which include our 9.25% senior secured notes due 2025, 4.00% senior exchangeable Notes due 2025, 7.375% senior secured notes due 2025 and the current portions of the 2021 Term Loan B-1