Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Sabre (SABR) has issued an update.
Sabre Corporation’s indirect subsidiary, Sabre Securitization, LLC, expanded its accounts receivable securitization facility from $200 million to $235 million, with PNC Bank and entities advised by Centerbridge Partners, L.P. providing the funding. The maturity of this facility has been extended to March 2027, and it includes a “first-in, last-out” tranche and a revolving tranche. Subsidiaries of the company will continue to sell their receivables to this special purpose entity, which is insulated from other company debts and finances its purchases through secured loans, with interest rates tied to SOFR plus additional fees.
See more insights into SABR stock on TipRanks’ Stock Analysis page.