Company: SABR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001597033-25-000061
Chunk: 60

Company: Sabre Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 floating rate 2022 Term Loan B-1 related to the years 2024 and 2025. We designated these swaps as cash flow hedges. For the three months ended March 31, 2025, we recognized an immaterial cash flow impact related to our interest rate swaps, which is reported as cash provided by operating activities within our consolidated statements of cash flows. As of March 31, 2025, we estimate that $2 million in losses will be reclassified from other comprehensive (loss) income to earnings over the next 12 months.

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The estimated fair values of our derivatives designated as hedging instruments as of March 31, 2025 and December 31, 2024 are as follows (in thousands): Derivative Assets  Fair Value as ofDerivatives Designated as Hedging InstrumentsConsolidated Balance Sheet LocationMarch 31, 2025December 31, 2024Interest rate swapsOther accrued liabilities$(2,220)$(1,593)Interest rate swapsOther noncurrent liabilities(514)(673)Total $(2,734)$(2,266)The effects of derivative instruments, net of taxes, on OCI for the three months ended March 31, 2025 and 2024 are as follows (in thousands): Amount of (Losses) Gains Recognized in OCI on Derivative, Effective PortionDerivatives in Cash Flow Hedging RelationshipsThree Months Ended March 31,20252024Interest rate swaps$(598)$6,747 Total$(598)$6,747   Amount of Losses (Gains) Reclassified from Accumulated OCI into Income, Effective PortionDerivatives in Cash Flow Hedging RelationshipsIncome Statement LocationThree Months Ended March 31,20252024Interest rate swapsInterest expense, net$142 $(1,956)Total$142 $(1,956)

8. Fair Value Measurements 

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal or most advantageous market for that asset or liability. Guidance on fair value measurements and disclosures establishes a valuation hierarchy for disclosure of inputs used in measuring fair value defined as follows:Level 1—Inputs are unadjusted quoted prices that are available in active markets for identical assets or liabilities.Level 2—Inputs include quoted prices for similar assets and liabilities in active markets and quoted prices in non-active markets