Company Overview of Sabre GLBL Inc.
Sabre GLBL Inc. provides 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. The company also operates Travelocity Web site, which facilitates individual consumers in making travel plans, as well as a travel network that connects travel agents and travel suppliers with travelers. In addition, it provides decision-support tools, reservations systems, and consulting services for airlines, as well as operates lastminute.com that provides travel services in Europe. Sabre GLBL Inc. was formerly known as Sab...
3150 Sabre Drive
Southlake, TX 76092
Founded in 1986
Key Executives for Sabre GLBL Inc.
Chief Executive Officer and President
Chief Product & Technology Officer and Executive Vice President
Chief Financial Officer and Executive Vice President
President and General Manager of Sabre Hospitality Solutions
President of Sabre Airline Solutions and Executive Vice President
Compensation as of Fiscal Year 2015.
Sabre GLBL Inc. Key Developments
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.
Sabre Seeks Acquisitions
Nov 4 15
Sabre GLBL Inc. looking for potential acquisitions. Sabre GLBL announces $500 million in private placement and the proceeds from the offering will be available for general corporate purposes, including potential acquisitions and certain potential repurchases of shares of Sabre's common stock.
Turkish Airlines Signs New Technology Deal with Sabre
Jun 17 15
Sabre has signed a new technology agreement with Turkish Airlines, to provide its AirCentre Flight Plan Manager solution to streamline the airline's operations. Since the start of this agreement, Sabre has worked closely with Turkish Airlines to implement AirCentre Flight Plan Manager to provide vital cost savings and support key flight planning decisions. Under the new agreement, the solution will provide a significant support for strengthening the flag carrier's position within the regions it serves.
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