Home Credit Ratings and Research S&P Global Ratings’ Credit Research Sabre Holdings Corp.

Sabre Holdings Corp. Upgraded To 'B+' On Debt Repayment; Outlook Stable

Published Apr 23, 2014

About This Report

Abstract:

Sabre Holdings Inc., a U.S.-based travel technology company, will repay about $526 million of debt following Sabre Inc.'s IPO on April 16, 2014. We are raising our corporate credit rating on Sabre Holdings Inc. and Sabre Inc. to 'B+' from 'B'. At the same time, we are raising our issue-level ratings on the company's senior secured debt and senior unsecured notes. The recovery ratings on that debt are unchanged. The stable outlook reflects our expectation that Sabre's operating performance will improve in 2014, driving debt leverage to the 4x-5x range. NEW YORK (Standard&Poor's) April 23, 2014--Standard&Poor's Ratings Services today raised its corporate credit rating on Southlake, Texas-based travel technology companies Sabre Holdings Corp. and Sabre Inc.

Report Type:

Ratings Action

Ticker

TSG

Issuer

Sabre Holdings Corp.

GICS

Hotels, Resorts & Cruise Lines (25301020)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

Sabre Holdings Corp.'s Proposed $530 Million Senior Secured Notes Rated 'B+' (Recovery Rating: '3') – 2015/03/27 – US$ 150.00

Summary: Sabre Holdings Corp. – 2015/04/14 – US$ 225.00

Sabre Holdings Corp. Outlook Revised To Positive On Improved Credit Metrics; 'B+' Rating Affirmed; Debt Upgraded – 2015/09/23 – US$ 150.00

Research Update: Sabre Holdings Corp. Outlook Revised To Positive On Improved Credit Metrics; 'B+' Rating Affirmed; Debt Upgraded – 2015/09/23 – US$ 225.00

Sabre Holdings Corp.'s Proposed $500 Million Senior Secured Notes Rated 'B+' (Recovery Rating: '3') – 2015/11/04 – US$ 150.00

Research Update: Sabre Holdings Corp. Upgraded To 'B+' On Debt Repayment; Outlook Stable – 2014/04/23 – US$ 225.00

Bulletin: Sabre Holdings Corp. Ratings Unaffected By Plan To File IPO – 2014/01/30 – Free

Summary: Sabre Holdings Corp. – 2014/01/28 – US$ 225.00

Sabre Holdings Corp. 'B' Rating Outlook Revised To Negative On Weaker Cash Flow; Incremental Term Loan Rated 'B' – 2013/09/13 – US$ 150.00

Research Update: Sabre Holdings Corp. 'B' Rating Outlook Revised To Negative On Weaker Cash Flow; Incremental Term Loan Rated 'B' – 2013/09/13 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Sabre Holdings Corp. Upgraded To 'B+' On Debt Repayment; Outlook Stable" Apr 23, 2014. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Sabre-Holdings-Corp-Upgraded-To-B-On-Debt-Repayment-Outlook-Stable-1302288>

APA:	S&P Global Ratings’ Credit Research. (). Sabre Holdings Corp. Upgraded To 'B+' On Debt Repayment; Outlook Stable Apr 23, 2014. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Sabre-Holdings-Corp-Upgraded-To-B-On-Debt-Repayment-Outlook-Stable-1302288>

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