Southlake, Texas-based travel technology company Sabre Holdings Corp. plans to enter into a $2.55 billion senior secured credit facility. The company plans to use proceeds from the proposed transaction to repay existing debt. We are assigning the proposed senior secured credit facility our 'B' issue-level rating and '3' recovery rating. The 'B' corporate credit rating is affirmed. The stable rating outlook reflects Standard&Poor's expectation that Sabre's credit measures will gradually improve in 2013, notwithstanding costs related to the pending AMR settlement. On Feb. 1, 2013, Standard&Poor's Ratings Services affirmed all existing ratings, including the 'B' corporate credit rating, on U.S. travel technology company Sabre Holdings Corp. (Sabre). The outlook is stable. At the same time, we
