Company: SABR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049383
Chunk: 52

Company: Sabre Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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25%April 2025— 10,416 4.00% senior exchangeable notes due 2025(5)4.00%April 2025— 183,220 7.375% senior secured notes due 2025(6)7.375%September 2025— 23,393 7.32% senior exchangeable notes due 20267.32%August 2026150,000 150,000 8.625% senior secured notes due 20278.625%June 2027331,783 656,783 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 11.125% senior secured notes due 203011.125%July 20301,325,000 — Face value of total debt outstanding  4,322,095 5,220,920 Less current portion of debt outstanding(154,790)(230,704)Face value of long-term debt outstanding  $4,167,305 $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 was 0.25% per annum, and in the case of interest paid-in-kind the spread was 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.(6)Repaid in full on September 2, 2025.We had outstanding letters of credit totaling $11 million and $13 million as of September 30, 2025 and December 31, 2024, respectively, which were secured by a $21 million cash collateral deposit account which is presented in restricted cash on our consolidated balance sheets as of September 30, 2025 and December 31, 2024.The weighted average interest rate on our short-term borrowings, which include our 7.32% senior exchangeable notes due