Sabre Holdings' Extending Term Loan And Secured Notes Rated 'B' (Recovery Rating: 3), 'B' Rating Outlook To Positive - S&P Global Ratings’ Credit Research

Sabre Holdings' Extending Term Loan And Secured Notes Rated 'B' (Recovery Rating: 3), 'B' Rating Outlook To Positive

Sabre Holdings' Extending Term Loan And Secured Notes Rated 'B' (Recovery Rating: 3), 'B' Rating Outlook To Positive - S&P Global Ratings’ Credit Research
Sabre Holdings' Extending Term Loan And Secured Notes Rated 'B' (Recovery Rating: 3), 'B' Rating Outlook To Positive
Published Apr 25, 2012
1331 words — Published Apr 25, 2012
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

U.S.-based travel technology provider Sabre Holdings Corp. plans to extend a portion of its significant 2014 maturities through a combination of term loan extension and secured notes issuance. We are assigning the extending term loan and new secured notes an issue level rating of 'B' and a recovery rating of '3'. We are also revising our 'B' rating outlook on the company to positive from stable. The positive outlook indicates the possibility of a rating upgrade if Sabre Holdings can satisfactorily resolve its litigation with airlines and maintain its EBITDA margin. CHICAGO (Standard&Poor's) April 25, 2012--Standard&Poor's Ratings Services today revised its rating outlook on Southlake, Texas-based Sabre Holdings Corp. to positive from stable. The corporate credit

  
Brief Excerpt:

RESEARCH Sabre Holdings' Extending Term Loan And Secured Notes Rated 'B' (Recovery Rating: 3), 'B' Rating Outlook To Positive Publication date: 25-Apr-2012 Primary Credit Analyst: Andy Liu, CFA, Chicago (1) 312-233-7052; andy_liu@standardandpoors.com...

  
Report Type:

Ratings Action

Ticker
TSG
Issuer
Sabre Holdings Corp.
GICS
Data Processing & Outsourced Services (45102020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
HTML HTML
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Sabre Holdings' Extending Term Loan And Secured Notes Rated 'B' (Recovery Rating: 3), 'B' Rating Outlook To Positive" Apr 25, 2012. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Sabre-Holdings-Extending-Term-Loan-And-Secured-Notes-Rated-B-Recovery-Rating-3-B-Rating-Outlook-To-Positive-960578>
  
APA:
S&P Global Ratings’ Credit Research. (). Sabre Holdings' Extending Term Loan And Secured Notes Rated 'B' (Recovery Rating: 3), 'B' Rating Outlook To Positive Apr 25, 2012. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Sabre-Holdings-Extending-Term-Loan-And-Secured-Notes-Rated-B-Recovery-Rating-3-B-Rating-Outlook-To-Positive-960578>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.