Company: SABR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049383
Chunk: 68

Company: Sabre Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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 in securities555 555 — — Total assets$504,557 $425,962 $78,595 $— Liabilities:Derivatives(1)Interest rate swap contracts$(2,266)$— $(2,266)$— Total liabilities$(2,266)$— $(2,266)$— ______________________(1) See Note 8. Derivatives for further detail.There were no transfers between Levels 1 and 2 within the fair value hierarchy for the three and nine months ended September 30, 2025.Other Financial InstrumentsThe carrying value of our financial instruments including cash and cash equivalents, restricted cash and accounts receivable approximates their fair values due to the short term nature of these instruments. The fair values of our 2025 Exchangeable Notes and 2026 Exchangeable Notes, senior secured notes due 2025, 2027, 2029 and 2030 and term loans under our Amended and Restated Credit Agreement are determined based on quoted market prices for a similar liability when traded as an asset in an active market, a Level 2 input. The fair value of the Senior Secured Term Loan Due 2028 and FILO Facility were determined using a valuation model that includes certain assumptions and Level 3 inputs. The outstanding principal balances of our AR Facility and FILO Facility approximated their fair value as of September 30, 2025 and December 31, 2024. 

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The following table presents the fair value and carrying value of our senior notes and borrowings under our senior secured credit facilities as of September 30, 2025 and December 31, 2024 (in thousands): As of September 30, 2025As of December 31, 2024Financial InstrumentFair ValueCarrying Value(1)Fair ValueCarrying Value(1)2021 Term Loan B-1$279,018 $311,516 $303,643 $314,453 2021 Term Loan B-2198,649 208,089 356,665 364,600 2022 Term Loan B-1204,122 216,725 372,593 379,617 2022 Term Loan B-2223,314 229,973 407,228 400,748 2024 Term Loan B-1376,500 391,932 712,250 689,655 2024 Term Loan B-270