Saber Announces Refinancing of Term B Loans – Form 8-K

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Saber Corporation Announces Refinancing of Term B Loans

SOUTHLAKE, Texas, March 9, 2022 – Saber Corporation (“Sabre”) (Nasdaq: SABR) today announced the refinancing of a portion of its existing debt. Saber has not incurred any additional debt as a result of the refinancing beyond the refinanced amount, other than amounts covering certain interest, fees and expenses. The refinancing significantly improved Saber’s debt maturity profile.

The refinancing included the application of proceeds from a new $625 million “B” term loan facility (the “New Facility”), borrowed by its wholly owned subsidiary Saber GLBL Inc. (“Sabre GLBL” ) under its existing senior secured credit facility (the “Credit Agreement”), with the effect of extending the maturity of approximately $623 million of the existing Term Loan B credit facility entered into prior to March 9, 2022 under the credit agreement. The new facility matures on June 30, 2028 and provides Saber with the option to prepay or repay the new facility after 12 months or prepay or repay with a premium of 101 before that date. Interest rates on the New Facility will be based on the SOFR Term, replacing LIBOR, plus an applicable margin.

The new facility is guaranteed by Saber Holdings Corporation and each subsidiary of Saber GLBL that guarantees the credit agreement. The New Facility and its guarantees are secured, subject to permitted liens, by a first ranking charge on the same security which secures the other first ranking secured indebtedness of Saber GLBL, which are substantially all of the present and subsequently acquired from Saber GLBL and the Guarantors (other than certain Excluded Assets).

BofA Securities, Inc., Citibank NA, Goldman Sachs Bank USA, Mizuho Bank, Ltd., MUFG Bank Ltd and Wells Fargo Securities, LLC acted as joint bookrunners and BofA Securities, Inc. acted as single main arranger. Bank of America, NA is the Administrative Agent and Collateral Agent for the Credit Agreement.

About Saber Corporation

Saber Corporation is a leading software and technology company powering the global travel industry, serving a wide range of travel businesses including airlines, hoteliers, travel agencies and travel agencies. other suppliers. The company provides retail, distribution and fulfillment solutions that help its customers operate more efficiently, generate revenue and deliver personalized travel experiences. Through its leading travel marketplace, Saber connects travel suppliers with buyers around the world. Saber’s technology platform manages more than $260 billion in travel spend worldwide annually. Based in Southlake, Texas, USA, Saber serves customers in more than 160 countries around the world.

Forward-looking statements

Certain statements contained herein are forward-looking statements about trends, future events, uncertainties, and our plans and expectations as to what may occur in the future. All statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by words such as “believe”, “may”, “likely”, “expect”, “plan”, “undertake”, “guidance”, ” outlook”, “anticipate”, “will”, “incremental”, “preliminary”, “forecast”, “continuous”, “strategy”, “confidence”, “momentum”, “estimate”, “objective”, “project”, “may”, “should”, “would”, “intend”, “potential” or the negative form of these terms or any other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Saber’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. prospective. Further information about potential risks and uncertainties that could affect our business and results of operations is included in the “Risk Factors” and “Forward-Looking Statements” sections of our Annual Report on Form 10-K filed with the SEC. on February 18, 2022. and in our other filings with the SEC. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, prospects, directions, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Except as required by law, Saber undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date on which they are made.

SABR-F

contacts:

Media

Kristin Hays

[email protected]

[email protected]

Investors

Kevin Crissey

[email protected]

[email protected]

Warning

Saber Corporation published this content on March 14, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on March 14, 2022 21:38:41 UTC.

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SABER CORPORATION Analyst Recommendations

2022 sales 2,450M

2022 net income -433M

Net debt 2022 3,535 million

PER 2022 ratio -6.79x
2022 return
Capitalization 2,947 million
2,947 million
EV / Sales 2022 2.65x
EV / Sales 2023 2.01x
# of employees
Floating 92.6%


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Number of analysts 7
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$9.11

Average target price

$13.20

Average Spread / Target 44.9%


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