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May 05, 2015 8:28 PM ET

Internet Software and Services

Company Overview of Sabre GLBL Inc.

Company Overview

Sabre GLBL Inc. 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 Sabre Inc. The company was incorporated in 1986 and is based in Southlake, Texas. Sabre GLBL Inc. o...

3150 Sabre Drive

Southlake, TX 76092

United States

Founded in 1986

Phone:

682-605-1000

Fax:

682-605-8267

Key Executives for Sabre GLBL Inc.

Chief Executive Officer and President
Age: 51
Chief Product & Technology Officer and Executive Vice President
Age: 42
Chief Financial Officer and Executive Vice President
Age: 55
President and General Manager of Sabre Hospitality Solutions
Age: 39
President of Sabre Airline Solutions and Executive Vice President
Compensation as of Fiscal Year 2014.

Sabre GLBL Inc. Key Developments

Sabre GLBL Inc. Announces Pricing of $530 Million of Senior Secured Notes Due 2023

Sabre Corporation announced the pricing of an offering by its subsidiary Sabre GLBL Inc. of $530 million aggregate principal amount of 5.375% senior secured notes due 2023. The notes will carry a coupon of 5.375% per annum, payable semi-annually in arrears, commencing on October 15, 2015. The offering is expected to close on April 14, 2015, subject to customary closing conditions. The net proceeds from the sale of the notes will be used to redeem all of the $480 million currently outstanding aggregate principal amount of the 8.5% senior secured notes due 2019 issued by Sabre GLBL and to pay accrued interest, premiums, fees and expenses related thereto. Any excess net proceeds will be available for general corporate purposes. The foregoing does not constitute a notice of redemption for or an obligation to issue a notice of redemption for outstanding notes. 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 on a first-priority basis.

Sabre Corporation Announces Offering of Senior Secured Notes

Sabre Corporation announced the proposed offering by its wholly-owned subsidiary Sabre GLBL Inc. of $530 million aggregate principal amount of senior secured notes due 2023. The Notes and the related note guarantees will be offered in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and to non-U.S. persons in accordance with Regulation S under the Securities Act. The precise timing, size and terms of the offering are subject to market conditions and other factors. The net proceeds from the sale of the Notes will be used to redeem all of the $480 million currently outstanding aggregate principal amount of the 8.5% senior secured notes due 2019 issued by Sabre GLBL and to pay accrued interest, premiums, fees and expenses related thereto. Â Any excess net proceeds will be available for general corporate purposes. The foregoing does not constitute a notice of redemption for or an obligation to issue a notice of redemption for outstanding notes. 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 on a first-priority basis.

Alitalia Societa Aerea Italiana Selects Sabre's Technology for Alitalia Modernization Program

Alitalia Societa Aerea Italiana selects Sabre's technology for Alitalia modernization program. Under the long-term agreement, Alitalia will migrate to Sabre's integrated, Software-as-a-Service platform for all critical airline operations, including its SabreSonic Customer Sales & Service passenger reservations system. Leveraging the leading capabilities of Sabre's broad suite of retailing technology, Alitalia will work to become a customer-first carrier with a radically new and personalized guest experience for its passengers. The carrier also will use capabilities and insights provided by Sabre's solutions to seek new revenue and cost saving opportunities in its drive toward its 2017 revitalization goal.

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