NEW YORK (Standard&Poor's) March 27, 2015--Standard&Poor's Ratings Services today assigned its 'B+' issue-level rating and '3' recovery rating to Sabre Holdings Corp.'s proposed $530 million senior secured notes due 2023. The recovery rating indicates our expectation for meaningful recovery (50%-70%; high end of the range) of principal in the event of a payment default. Sabre GLBL Inc., a subsidiary of Sabre Holdings, will issue the notes. Sabre Holdings and its subsidiaries that guarantee the existing credit facility will guarantee the notes on a secured basis. Sabre Holdings will use net proceeds from the debt offering to fully repay its outstanding $480 million notes due 2019 and for general corporate purposes, including acquisitions. The transaction, as proposed,
