10:17 AM EDT, 06/04/2025 (MT Newswires) -- Sabre (SABR) said Wednesday its subsidiary Sabre GLBL will buy back about $325 million of its 8.625% senior secured notes due 2027 after early tenders exceeded the $336.375 million limit.

The company said about $563 million of the 8.625% notes were tendered by the early deadline of June 3, surpassing the repurchase limit. As a result, no notes from the two additional series offered will be accepted.

The 8.625% notes will be accepted on a pro rata basis, with a proration factor of about 57.75%. Holders of accepted notes will receive $1,035 per $1,000 of principal, which includes a $50 early tender premium, plus accrued interest.

Settlement is expected on Wednesday, Sabre said.

Shares of the company were down 1% in recent trading.

Price: 2.54, Change: -0.02, Percent Change: -0.98