Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 142

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 142
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 of other comprehensive income (loss) (“OCI”) and reclassified into earnings in the same line item associated with the forecasted transaction and in the same period or periods during which the hedged transaction affects earnings. As of December 31, 2024, we did not have any hedge components excluded from the assessment of effectiveness. Cash flow hedges are classified in the same category in the consolidated statements of cash flows as the items being hedged and gains and losses on the derivative financial instruments are reported in cash provided by (used in) operating activities within the consolidated statements of cash flows. Derivatives not designated as hedging instruments are carried at fair value with changes in fair value reflected in Other, net in the consolidated statements of operations.Interest Rate Swap Contracts—Interest rate swaps outstanding at December 31, 2024 and matured during the years ended December 31, 2024, 2023 and 2022 are as follows:Notional AmountInterest RateReceivedInterest Rate PaidEffective DateMaturity DateDesignated as Hedging Instrument$200 million1 month SOFR(1)   3.09%(2)April 30, 2022December 31, 2023$150 million1 month SOFR(1)   3.98%(3)June 30, 2022December 31, 2023$250 million1 month SOFR(1)4.72%June 30, 2023June 30, 2026$250 million1 month SOFR(1)3.88%December 31, 2023December 31, 2024$250 million1 month SOFR(1)4.37%January 16, 2024January 31, 2026____________________(1)     Subject to a 0.5% floor.(2)    Fixed fee of 1.71% effective April 30, 2022, and expiring December 30, 2022, and 3.09% effective December 31, 2022, and expiring December 31, 2023. (3)    Fixed fee of 2.79% effective June 30, 2022, and expiring December 30, 2022, and 3.98% effective December 31, 2022, and expiring December 31, 2023.In April 2022, we entered into an interest rate swap to hedge the interest payments associated with