Company: SABR
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001597033-25-000090
Chunk: 200

Company: Sabre Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 200
---
 by financing activities34,500 54,124 Cash used in discontinued operations(24,404)(12,347)Effect of exchange rate changes on cash, cash equivalents and restricted cash3,453 (1,663)Decrease in cash, cash equivalents and restricted cash$(298,375)$(35,592)

Operating Activities

Cash used in operating activities totaled $282 million for the six months ended June 30, 2025. The $252 million decrease in operating cash flow from the same period in the prior year was primarily due to payments of previously paid-in-kind interest and currently accrued interest of $227 million in connection with refinancing our Senior Secured Term Loan Due 2028, a $9 million increase in interest payments in connection with our other debt, a decrease in revenue from a decline in volume and impacts of customer de-migrations and a contribution of $12 million to our defined benefit pension plan.

Investing Activities

For the six months ended June 30, 2025, we used $39 million of cash for capital expenditures primarily related to software developed for internal use, partially offset by the proceeds received from the sale of assets of $9 million.

For the six months ended June 30, 2024, we used $46 million of cash for capital expenditures primarily related to software developed for internal use and acquired software licenses associated with our internal billing systems.

Financing Activities

For the six months ended June 30, 2025, financing activities provided $35 million. Significant highlights of our financing activities include:

•proceeds of $1.325 billion from the issuance of the July 2030 Notes;

•payments of $700 million on our Senior Secured Term Loan Due 2028, $325 million on our June 2027 Notes, $183 million on our 2025 Exchangeable Notes, $10 million on our April 2025 Notes, and $6 million on our 2021 Term Loan B-1, 2024 Term Loan B-1 and 2024 Term Loan B-2;

•payment of $71 million for debt discount and issuance costs;

•net proceeds of $15 million on borrowings on our AR Facility; and

•net payments of $10 million from the settlement of employee stock awards.

For the six months ended June 30, 2024, financing activities provided $54 million. Significant highlights of our financing activities include:

•proceeds of $150 million