Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 649

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1A
Chunk 649
---
 were no transfers between Levels 1 and 2 within the fair value hierarchy for the years ended December 31, 2024 and 2023.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 and 2029 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 its fair value as of December 31, 2024. 

84

The following table presents the fair value and carrying value of our senior notes and borrowings under our senior secured credit facilities as of December 31, 2024 and 2023 (in thousands): As of December 31, 2024As of December 31, 2023Financial InstrumentFair ValueCarrying Value(1)Fair ValueCarrying Value(1)2021 Term Loan B-1$303,643 $314,453 $344,973 $391,366 2021 Term Loan B-2356,665 364,600 540,069 610,545 2022 Term Loan B-1372,593 379,617 535,559 598,419 2022 Term Loan B-2407,228 400,748 576,343 618,888 2024 Term Loan B-1712,250 689,655 — — 2024 Term Loan B-276,313 74,902 — — Senior Secured Term Loan Due 2028906,020 853,788 726,582 732,901 9.25% senior secured notes due 202510,510 10,416 38,291 38,895 7.375% senior secured notes due 202523,081 23,393 60,496 63,019 4.00% senior exchangeable notes due 2025181,322 183