03:58 AM EST, 11/21/2025 (MT Newswires) -- Sabre (SABR) said late Thursday it priced a $1 billion offering of 11.125% senior secured notes due June 2029 by its wholly owned subsidiary, Sabre Financial Borrower.

The notes are backed by Sabre Financing Holdings, which is the direct parent company of Sabre Financial and up to an amount of $400 million, certain of Sabre's existing and future foreign subsidiaries, according to the statement.

Sabre Financial will use the proceeds to fund an intercompany loan to Sabre GLBL, which will use the funds to manage its debt.