SOUTHLAKE, Texas, April 25, 2014
/-- Sabre Corporation (NASDAQ: SABR, "Sabre") announced
today that all 5,880,000 shares of its common stock, par value $0.01
(the "Common Stock"), subject to the option granted to the underwriters
to purchase additional shares in connection with Sabre's initial public
offering, have been issued. The closing of the initial public offering
occurred on April 23, 2014.
The
initial public offering, including the exercise of the option to
purchase additional shares, comprises approximately 17% of Sabre's
issued and outstanding shares. Sabre intends to use the net proceeds
from the exercise of the option to purchase additional shares to repay
additional outstanding indebtedness under the Term C Facility.
Morgan
Stanley, Goldman, Sachs & Co., BofA Merrill Lynch and Deutsche Bank
acted as joint book runners for this offering. In addition, Evercore,
Jefferies, TPG Capital BD, LLC, Cowen and Company, Sanford C. Bernstein, William Blair, Mizuho Securities, Natixis and The Williams Capital Group, L.P. acted as co-managers for this offering.
Sabre®
is a leading technology provider to the global travel and tourism
industry. Sabre's software, data, mobile and distribution solutions are
used by hundreds of airlines and thousands of hotel properties to manage
critical operations, such as passenger and guest reservations, revenue
management, and flight, network and crew management. Sabre also operates
a leading global travel marketplace, processing over $100 billion
of estimated travel spend in 2013 by connecting travel suppliers to
their most valued customers, the business traveler. Headquartered in Southlake, Texas, USA, Sabre employs approximately 10,000 people in approximately 60 countries around the world.
Cautionary Note Regarding Forward-Looking Statements
Any
statements in this release that are not historical or current facts are
forward-looking statements. Forward-looking statements convey Sabre's
current expectations or forecasts of future events. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause Sabre's actual results, performance or
achievements to be materially different from any future results,
performances or achievements expressed or implied by the forward-looking
statements. Certain of these risks and uncertainties are described in
the "Risk Factors" and "Cautionary Note Regarding Forward-Looking
Statements" section of the registration statement on Form S-1. Unless
required by law, Sabre undertakes no obligation to publicly update or
revise any forward-looking statements to reflect circumstances or events
after the date of this press release.
SOURCE Sabre Corporation
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