Relatively small size and limited scale of operations Limited product, end market, and geographic diversity Decent market share, but in a highly competitive market Favorable demand outlook for electric transmission and wireless communications end markets Financial sponsor-owned company with leverage expected to remain notably above 5x EBITDA Adequate liquidity, supported by significant cash balance and revolver availability (limited by financial covenants) Favorable debt maturity profile with a weighted average maturity of more than five years The stable outlook is predicated on our expectation that Sabre will maintain adequate liquidity over the next 12 months, with adjusted debt to EBITDA between 8x and 9x and EBITDA interest coverage about 1.5x over the same time period. The stable outlook also reflects our
