Sabre Closes Option To Purchase Additional Shares - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

Sabre Closes Option To Purchase Additional Shares

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Sabre Corporation

SOUTHLAKE, Texas, April 25, 2014 /PRNewswire/ -- 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.

Sabre logo

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.

Media Contact:
Nancy St. Pierre
Sabre
+1 682-605-3864
Nancy.st.pierre@sabre.com

Investor Relations:
Barry Sievert
Sabre
Barry.sievert@sabre.com
682-605-0214

Logo - http://photos.prnewswire.com/prnh/20131216/DA33636LOGO-b

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow
KSWO-TV, 1401 SE 60th Street
Lawton, OK 73501

Telephone: (580) 355-7000
Fax: (580) 357-3811
Email: news@kswo.com

All content © Copyright 2000 - 2014 Worldnow and KSWO. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.