Company: SABR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049383
Chunk: 167

Company: Sabre Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 167
---
 and Restated Credit Agreement for the year ended 2024. In June 2023, we entered into an interest rate swap to hedge the first interest payments associated with $250 million of certain of our term loans under our Amended and Restated Credit Agreement for the periods through June 2026. In January 2024, we entered into an interest rate swap to hedge the first interest payments associated with $250 million of certain of our term loans under our Amended and Restated Credit Agreement related to the years 2024 and 2025. We designated these swaps as cash flow hedges. For the three and nine months ended September 30, 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 September 30, 2025, we estimate that $2 million in losses will be reclassified from other comprehensive (loss) income to earnings over the next 12 months.

17

The estimated fair values of our derivatives designated as hedging instruments as of September 30, 2025 and December 31, 2024 are as follows (in thousands): Derivative Assets  Fair Value as ofDerivatives Designated as Hedging InstrumentsConsolidated Balance Sheet LocationSeptember 30, 2025December 31, 2024Interest rate swapsOther accrued liabilities$(1,961)$(1,593)Interest rate swapsOther noncurrent liabilities— (673)Total $(1,961)$(2,266)The effects of derivative instruments, net of taxes, on OCI for the three and nine months ended September 30, 2025 and 2024 are as follows (in thousands): Amount of Gains (Losses) Recognized in OCI on Derivative, Effective PortionDerivatives in Cash Flow Hedging RelationshipsThree Months Ended September 30,Nine Months Ended September 30,2025202420252024Interest rate swaps$38 $(6,733)$27 $2,600 Total$38 $(6,733)$27 $2,600   Amount of Losses (Gains) Reclassified from Accumulated OCI into Income, Effective PortionDerivatives in Cash Flow Hedging RelationshipsIncome Statement LocationThree Months Ended September 30,Nine Months Ended September 30,2025202420252024Interest rate swapsInterest expense, net$144 $(