Internet Software and Services
Company Overview of Sabre GLBL Inc.
Sabre GLBL Inc. develops computerized airline reservations system for travel agents and related software solutions for airline industry. The company offers technology consulting solutions to airlines, travel, and tourism industry. The company operates an online travel reservation system that enables travel agencies to book airline tickets, rental cars, hotel reservations, and cruise/tour packages. In addition, it provides decision-support tools, reservations systems, and consulting services for airlines. Sabre GLBL Inc. was formerly known as Sabre Inc. and changed its name to Sabre GLBL Inc. in February 2014. The company was incorporated in 1986 and is based in Southlake, Texas. Sabre GLBL I...
3150 Sabre Drive
Southlake, TX 76092-2199
Founded in 1986
Key Executives for Sabre GLBL Inc.
Chief Executive Officer and President
Chief Financial Officer and Executive Vice President
President and General Manager of Sabre Hospitality Solutions
Executive Vice President and President of Sabre Travel Network
Chief Product & Technology Officer and Executive Vice President
Compensation as of Fiscal Year 2016.
Sabre GLBL Inc. Key Developments
Sabre and The Hertz Corporation Extend Agreement
Mar 10 17
Sabre has expanded its agreement with Hertz. A longstanding user of Sabre’s e-commerce technology, The Hertz Corporation chose Sabre as the first global distribution service (GDS) provider to distribute its worldwide rental vehicle inventory - including Hertz, Dollar, Thrifty and Firefly brands - to shop and book by travel agents, business travelers and online travel agency (OTA) websites using Sabre technology. Through the enhanced and additional car product offering, travel agents have access to all Hertz rates worldwide, seamlessly integrated into the Sabre Red platform which includes the Sabre Red Workspace and full set of APIs.
Sabre GLBL Inc. Announces Revolving Facility Refinancing Amendment to Amended and Restated Credit Agreement
Jul 19 16
On July 18, 2016, Sabre GLBL Inc. a wholly-owned subsidiary of Sabre Corporation, Sabre Holdings Corporation (Holdings) and the several guarantors there under entered into three related Amendments, each dated July 18, 2016, to the Borrower's senior secured credit facilities. The Amendments were entered into pursuant to that certain Amended and Restated Credit Agreement, dated as of February 19, 2013, by and among the Borrower, Holdings, the lenders party thereto, Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer and Deutsche Bank AG New York Branch as a letter of credit issuer. A replacement revolving credit facility in an aggregate principal amount of $400 million was established pursuant to a Revolving Facility Refinancing Amendment to the Credit Agreement among the Borrower, Holdings, each of the other Loan Parties party, the Administrative Agent and the Revolving Credit Lenders party thereto. The New Revolver replaces the existing $405 million revolving facilities. The Revolver Amendment reduced the applicable interest rate margins for the New Revolver loans and letter of credit fees to (i) between 2.75% and 2.00% per annum for Eurocurrency rate loans and letter of credit fees and (ii) between 1.75% and 1.00% per annum for base rate loans, in each case with the applicable margin for any quarter decreased by 25 basis points (up to 75 basis points total) if the Senior Secured First-Lien Net Leverage Ratio (as defined in the Credit Agreement) is less than 3.5 to 1.0, 2.5 to 1.0, or 1.5 to 1.0, respectively.
Sabre GLBL Inc. Announces Offering of $500 Million Senior Secured Notes
Nov 4 15
Sabre Corporation announced a proposed offering by its wholly-owned subsidiary Sabre GLBL Inc. of $500 million aggregate principal amount of senior secured notes due 2023. The net proceeds from the sale of the Notes will be used to redeem $235 million aggregate principal amount of the $400 million 8.35% senior unsecured notes due 2016 issued by Sabre Holdings Corporation, a subsidiary of Sabre and parent of Sabre GLBL, and to pay accrued interest, premiums, fees and expenses related thereto. The excess net proceeds will be available for general corporate purposes, including potential acquisitions and certain potential repurchases of shares of Sabre's common stock. The Notes will be guaranteed by Sabre Holdings Corporation and each subsidiary that guarantees Sabre GLBL's senior secured credit facility. The Notes and the note guarantees will be secured, subject to permitted liens, by a first-priority security interest in substantially all present and hereafter acquired property and assets of Sabre GLBL and the guarantors, which also constitutes collateral securing indebtedness under the Credit Facility and Sabre GLBL's $530 million 5.375% senior secured notes due 2023 on a first-priority basis.
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