Sabre Holdings Subsidiary Revises Proposed Credit Facility, Revisions To Recovery Rtg - S&P Global Ratings’ Credit Research

Sabre Holdings Subsidiary Revises Proposed Credit Facility, Revisions To Recovery Rtg

Sabre Holdings Subsidiary Revises Proposed Credit Facility, Revisions To Recovery Rtg - S&P Global Ratings’ Credit Research
Sabre Holdings Subsidiary Revises Proposed Credit Facility, Revisions To Recovery Rtg
Published Mar 20, 2007
594 words — Published Mar 20, 2007
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Abstract:

NEW YORK (Standard&Poor's) March 20, 2007--Standard&Poor's Ratings Services today affirmed its 'B+' rating on Sabre Inc.'s proposed $3.515 billion secured credit facility and revised the recovery rating on the revised facility to '3' from '2'. Sabre Inc. is the major operating subsidiary of Sabre Holdings Corp. (BB/Watch Neg/--) a travel distribution company based in Southlake, Texas. We expect to lower the corporate credit rating on Sabre Holdings to 'B+', remove it from CreditWatch, and assign a stable outlook upon completion of this transaction. Ratings were initially placed on CreditWatch with negative implications on Dec. 12, 2006, and subsequently lowered on Dec. 21, 2006. "This rating action follows the issuer's decision to transfer the $300 million second-lien

  
Brief Excerpt:

RESEARCH Sabre Holdings Subsidiary Revises Proposed Credit Facility, Revisions To Recovery Rtg Publication date: 20-Mar-2007 NEW YORK (Standard & Poor's) March 20, 2007--Standard & Poor's Ratings Services today affirmed its 'B+' rating...

  
Report Type:

Ratings Action

Ticker
TSG
Issuer
GICS
Hotels, Resorts & Cruise Lines (25301020)
Sector
Global Issuers
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Sabre Holdings Subsidiary Revises Proposed Credit Facility, Revisions To Recovery Rtg" Mar 20, 2007. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Sabre-Holdings-Subsidiary-Revises-Proposed-Credit-Facility-Revisions-To-Recovery-Rtg-568080>
  
APA:
S&P Global Ratings’ Credit Research. (). Sabre Holdings Subsidiary Revises Proposed Credit Facility, Revisions To Recovery Rtg Mar 20, 2007. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Sabre-Holdings-Subsidiary-Revises-Proposed-Credit-Facility-Revisions-To-Recovery-Rtg-568080>
  
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