Sabre Holdings Ratings Placed on CreditWatch Negative After Agreement to Acquire GetThere Inc. - S&P Global Ratings’ Credit Research

Sabre Holdings Ratings Placed on CreditWatch Negative After Agreement to Acquire GetThere Inc.

Sabre Holdings Ratings Placed on CreditWatch Negative After Agreement to Acquire GetThere Inc. - S&P Global Ratings’ Credit Research
Sabre Holdings Ratings Placed on CreditWatch Negative After Agreement to Acquire GetThere Inc.
Published Aug 28, 2000
525 words — Published Aug 28, 2000
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Abstract:

NEW YORK (Standard & Poor's CreditWire) Aug. 28, 2000--Standard & Poor's today placed it ratings on Sabre Holdings Inc. on CreditWatch with negative implications (see list below), following the company's announcement that it has reached a preliminary agreement to acquire GetThere Inc. The CreditWatch placement reflects a substantially increased financial burden following the planned $757 million cash acquisition, (the net cash outlay will be lower, due to $105 million of cash held by GetThere and exercise of options and warrants upon the acqusition) with currently negative earnings and cash flow generated by GetThere, a competitor on-line travel platform for corporate customers. However, Sabre enters the transaction with a strong financial profile and significant flexibility to assume debt. In addition, Sabre

  
Brief Excerpt:

RESEARCH Sabre Holdings Ratings Placed on CreditWatch Negative After Agreement to Acquire GetThere Inc. Publication date: 28-Aug-2000 NEW YORK (Standard & Poor's CreditWire) Aug. 28, 2000--Standard & Poor's today placed it ratings on...

  
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Corporations, Global Issuers, Transportation
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MLA:
S&P Global Ratings’ Credit Research. "Sabre Holdings Ratings Placed on CreditWatch Negative After Agreement to Acquire GetThere Inc." Aug 28, 2000. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Sabre-Holdings-Ratings-Placed-on-CreditWatch-Negative-After-Agreement-to-Acquire-GetThere-Inc-162965>
  
APA:
S&P Global Ratings’ Credit Research. (). Sabre Holdings Ratings Placed on CreditWatch Negative After Agreement to Acquire GetThere Inc. Aug 28, 2000. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Sabre-Holdings-Ratings-Placed-on-CreditWatch-Negative-After-Agreement-to-Acquire-GetThere-Inc-162965>
  
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