January 22, 2018 7:23 AM ET

Internet Software and Services

Company Overview of Sabre GLBL Inc.

Company Overview

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

Suite 8502

Southlake, TX 76092-2199

United States

Founded in 1986

Phone:

682-605-1000

Key Executives for Sabre GLBL Inc.

Chief Executive Officer and President
Age: 55
Chief Financial Officer and Executive Vice President
Age: 58
President and General Manager of Sabre Hospitality Solutions
Age: 42
Executive Vice President and President of Sabre Travel Network
Age: 50
Chief Product & Technology Officer and Executive Vice President
Age: 45
Compensation as of Fiscal Year 2017.

Sabre GLBL Inc. Key Developments

Sabre Appoints Raymond Vrijenhoek as Vice President for Sabre Travel Network Middle East, Effective January 2, 2018

Sabre has appointed Raymond Vrijenhoek as vice president for Sabre Travel Network Middle East (STNME), effective January 2, 2018. In his new role, Vrijenhoek will lead customer engagement and business development across the Middle East and accelerate Sabre’s growth in the region. Vrijenhoek joins Sabre from Otravo, a leading online travel agency group in Benelux and Scandinavia, where he served as CEO. He previously held senior positions at Travix International, Beins Travel Group, Amadeus and airlines like Canada 3000 and Transavia.com where he gained extensive experience in commercial operations, digital marketing, e-commerce, online travel, aviation, and distribution. Vrijenhoek graduated from the vocational school for travel agency business in Leiderdorp, the Netherlands. Vrijenhoek will move to Bahrain to begin his new role on January 2, 2018.

Sabre and The Hertz Corporation Extend Agreement

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

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.

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