Connect with us

Technology

Sabre Corporation Announces Additional Cash Tender Offers by Sabre GLBL Inc. for Existing Secured Debt

Published

4 days ago

on

SOUTHLAKE, Texas, Sept. 15, 2026 /PRNewswire/ — Sabre Corporation (“Sabre”) (Nasdaq: SABR) today announced commencement of additional tender offers (the “Tender Offers”) by its wholly-owned subsidiary Sabre GLBL Inc. (“Sabre GLBL”) to purchase for cash, upon the terms and subject to the conditions described in the Offer to Purchase (as defined below), up to a principal amount of its securities set forth in the table below (collectively, the “Securities”) that would not result in the Aggregate Purchase Price (as defined below) exceeding $250,000,000 (subject to increase or decrease by Sabre GLBL in its sole discretion, the “Aggregate Maximum Tender Amount”). The following table sets forth certain terms of the Tender Offers:

Title of Security

CUSIP Number /ISIN

Principal
Amount
Outstanding

Acceptance
Priority

Level

Purchase Price (1)

10.750% Senior Secured
Notes due 2029

78573NAL6

U86043AJ2

US78573NAL64

USU86043AJ26

$445,715,000

1

$              992.50

10.750% Senior Secured

Notes due 2030

78573NAN2
U86043AL7

US78573NAN21

USU86043AL71

$469,802,000

2

$              980.00

11.125% Senior Secured

 Notes due 2030

78573NAM4

U86043AK9

US78573NAM48

USU86043AK98

$1,325,000,000

3

$              975.00

___________

(1)

Dollars per $1,000 principal amount of Securities validly tendered and accepted for purchase and excludes accrued interest which will be paid on Securities accepted for purchase.

The Tender Offers will expire at 5:00 p.m., New York City time, on September 24, 2026 (such date and time, as it may be extended, the “Expiration Date”), unless earlier terminated.  Holders of Securities (the “Holders”) must validly tender their Securities at or prior to 5:00 p.m., New York City time, on September 24, 2026 to be eligible to receive the Purchase Price (as defined below) for such Securities. Holders whose Securities are accepted for purchase will also receive accrued and unpaid interest up to, but not including, the settlement date which is expected to be September 28, 2026. Tendered Securities may be withdrawn from the Tender Offers at or prior to, but not after, 5:00 p.m., New York City time, on September 24, 2026.

The “Purchase Price” for each $1,000 principal amount of Securities of a series validly tendered at or prior to the Expiration Date and accepted for purchase will be the applicable price for such series set forth in the table above under “Purchase Price”.

Subject to the Acceptance Priority Levels, the Aggregate Maximum Tender Amount, proration and all conditions to the Tender Offers having been satisfied or waived by us, all Securities validly tendered before the Expiration Date having a higher Acceptance Priority Level will be accepted for purchase before any Securities tendered before the Expiration Date having a lower Acceptance Priority Level, with such tenders being subject to the Aggregate Maximum Tender Amount, proration and conditions to the Tender Offers.

If there are sufficient remaining funds to purchase some, but not all, of the Securities of any series, the amount of Securities purchased in that series may be subject to proration. In the event proration is required with respect to a series of Securities, the Company will multiply the principal amount of each valid tender of such series of Securities by the applicable proration factor and round the resulting amount down to the nearest integral multiple of $1,000, in order to determine the principal amount of such tender that will be accepted pursuant to the applicable Tender Offer. The excess principal amount of Securities not accepted from the tendering Holders will be promptly returned to such Holders, and if this excess principal amount of Securities is less than $1,000, the Company may either accept or reject all such tendering Holders’ validly tendered Securities in its sole discretion.

On September 15, 2026, Sabre Financial Borrower, LLC (“Sabre Financial”), an indirect wholly owned subsidiary of Sabre GLBL, announced the pricing of an upsized offering of $1.35 billion aggregate principal amount of 9.875% Senior Secured Notes due 2032 (the “Financing Transaction”), which is expected to be sufficient to fund the Aggregate Purchase Price and accrued interest for all Securities accepted for purchase by Sabre GLBL in connection with the Tender Offers, subject to the terms and conditions of the Tender Offers, and the offers announced on September 14, 2026 relating to the 11.125% Senior Secured Notes due 2029.  The Tender Offers are subject to the satisfaction or waiver of the conditions described in the Offer to Purchase, including the consummation of the Financing Transaction, which may be waived by Sabre GLBL in its sole discretion, subject to applicable law.

This announcement does not contain the full terms and conditions of the Tender Offers, which are contained in the offers to purchase for cash, dated September 15, 2026 (as they may be amended or supplemented, collectively, the “Offer to Purchase”). Sabre GLBL refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers.

Following the completion of the Tender Offers, Sabre GLBL or its affiliates may purchase additional Securities in the open market, in privately negotiated transactions, through tender or exchange offers, or otherwise, or Sabre GLBL may redeem Securities that Sabre GLBL is permitted to redeem pursuant to their terms. Sabre GLBL is not obligated to redeem any Securities that are not tendered and accepted in the Tender Offers.

Davis Polk & Wardwell LLP is serving as legal counsel to Sabre. Latham & Watkins LLP is serving as legal counsel to BofA Securities.

Information Relating to the Tender Offers

The Offer to Purchase for all of the Securities is being distributed to Holders beginning today. BofA Securities is the Dealer Manager for the Tender Offers. Investors with questions regarding the Tender Offers may contact BofA Securities, collect: (980) 388-3646, toll-free: (888) 292-0070, email: debt_advisory@bofa.com. D.F. King & Co., Inc. is the tender and information agent for the Tender Offers. Copies of the Offer to Purchase and any related offer documents may be obtained by contacting D.F. King & Co., Inc. by phone at (646) 455-1060 (New York) or (866) 356-7814 (toll-free) or by email at sabre@dfking.com. Copies of the Offer to Purchase are available at: www.dfking.com/sabre.

None of Sabre GLBL, Sabre, their affiliates, their respective boards of directors and stockholders, the Dealer Manager, the Tender Agent or Computershare Trust Company, N.A., as trustee for the Securities, are making any recommendation as to whether Holders should tender any Securities in response to the Tender Offers. Holders must make their own decision as to whether to tender any of their Securities, and, if so, the principal amount of Securities to tender.

This press release is for informational purposes only and is not an offer to buy or a solicitation of an offer to sell any of the Securities, and the Tender Offers do not constitute offers to buy or the solicitation of offers to sell Securities in any jurisdiction or in any circumstances in which such offers are unlawful. The full details of the Tender Offers, including complete instructions on how to tender Securities, are included in the Offer to Purchase. Holders are strongly encouraged to read carefully the Offer to Purchase because it will contain important information.

Forward-Looking Statements

Certain statements herein are forward-looking statements about trends, future events, uncertainties and our plans and expectations of what may happen in the future. Any statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as “expect,” “guidance,” “outlook,” “trend,” “pro forma,” “on course,” “on track,” “target,” “potential,” “benefit,” “goal,” “believe,” “plan,” “confident,” “anticipate,” “indicate,” “trend,” “position,” “optimistic,” “will,” “forecast,” “continue,” “strategy,” “estimate,” “project,” “may,” “should,” “would,” “intend,” or the negative of these terms, where applicable, or other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. More information about potential risks and uncertainties that could materially affect our business and results of operations is included in the “Risk Factors” and “Forward-Looking Statements” sections in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on August 6, 2026, our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 18, 2025 and in our other filings with the SEC, as well as other risks and uncertainties specified in the “Certain Significant Considerations” section of the Offer to Purchase. We cannot guarantee future events, including funding of the Financing Transaction and successful completion of the Tender Offers, outlook, guidance, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Unless required by law, we undertake no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date they are made.

About Sabre

Powering the agentic revolution in travel. Sabre is an AI-native technology leader, backed by one of the world’s largest travel data clouds. With AI at its core and operating at unparalleled scale, Sabre transforms insights into innovation, empowering airlines, hoteliers, agencies and other partners to retail, distribute and fulfill travel worldwide. Sabre is built on an open, modular, cloud-native architecture and serves as the backbone for both established leaders and bold, new disruptors, guiding them to the next age of travel retailing through intelligent, connected, and personalized experiences.  

SABR-F

Contacts:

Media

Investors

Cassidy Smith-Broyles

Cassidy.Smith-Broyles@sabre.com

sabrenews@sabre.com

Roushan Zenooz

Roushan.Zenooz@sabre.com
sabre.investorrelations@sabre.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/sabre-corporation-announces-additional-cash-tender-offers-by-sabre-glbl-inc-for-existing-secured-debt-302879659.html

SOURCE Sabre Corporation

Related Topics:
Continue Reading

Technology

How to Achieve Sustainable Power Without Changing Your Existing Backup System

Published

1 hour ago

on

September 20, 2026

By

SCHWABMÜNCHEN, Germany, Sept. 20, 2026 /PRNewswire/ — CNTE has deployed a 700kW/1,624kWh battery energy storage system at an industrial facility in Schwabmünchen, Germany, integrating the site’s existing 440kWp solar PV system, 500kW diesel generator and grid connection into a coordinated hybrid energy system.

The project was designed to address several practical challenges at the factory, including limited utilization of surplus solar generation, inefficient low-load diesel operation, high fuel and maintenance costs, and the need to maintain power continuity for production.

CNTE installed 7 STAR-H (100kW/232kWh) liquid-cooled energy storage units, managed through its Energy Management System (EMS). The EMS coordinates PV generation, battery storage, grid power and diesel generation according to site demand, enabling the factory to make more efficient use of its existing energy assets.

One of the key benefits is improved solar self-consumption. Instead of allowing surplus PV generation to go underutilized, the battery stores energy for use when demand rises, helping reduce electricity purchased from the grid. Based on project assumptions, the system could generate approximately €27,000 in potential additional energy-cost savings, alongside approximately 449MWh of annual solar generation.

The battery system also reduces reliance on diesel generation during power interruptions. In a representative two-hour outage scenario, the project estimates that storage could save approximately 254 liters of diesel, equivalent to around €570 in fuel costs. Beyond direct cost savings, the project supports the factory’s broader sustainability objectives by increasing renewable-energy utilization and reducing unnecessary diesel consumption.

The Schwabmünchen project also demonstrates a practical model for industrial facilities that already operate solar and backup-generation assets. By adding battery storage and intelligent energy management, existing infrastructure can deliver greater economic value, improved energy resilience and lower fossil-fuel dependence without requiring a complete redesign of the site’s power system.

About CNTE

CNTE is a global energy storage solution provider invested by CATL, serving utility-scale, commercial and industrial, and residential applications worldwide. The company combines R&D, intelligent manufacturing and localized service to support more efficient, resilient and lower-carbon energy use.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/how-to-achieve-sustainable-power-without-changing-your-existing-backup-system-302883895.html

Continue Reading

Technology

Huawei Unveils Upgraded Stellar AI Campus Network to Usher in the New Era of AI Campuses

Published

2 hours ago

on

September 20, 2026

By

SHANGHAI, Sept. 20, 2026 /PRNewswire/ — During HUAWEI CONNECT 2026, Huawei unveiled its upgraded Stellar AI Campus Network Solution that stands out with innovations in superfast wireless, full-scope security, and network autonomy, helping enterprises build a superfast, secure AI campus.

“Driven by AI, today’s campuses are evolving into a super agent that can perceive, think, self-heal, and dynamically adapt,” said Leon Wang. “Leveraging our ICT prowess, we, together with global customers and partners, are building ubiquitous AI campuses to bring ‘technology for people’ to life and accelerate digital and intelligent transformation across all industries.”

“The AI era has placed higher demands for campus networks, especially bandwidth capacity, security defense, and O&M efficiency,” said Shawn Zhao. “To address this, Huawei’s upgraded Stellar AI Campus Network Solution offers innovations across superfast wireless, full-scope security, and network autonomy, helping maximize productivity.”

Huawei’s solution delivers enhanced capabilities across three pillars.

Superfast wireless: As multi-agent collaboration gains momentum at enterprise workspaces, Huawei Wi-Fi 7 Advanced introduced intelligent Coordinated Scheduling and Spatial Reuse (iCSSR) technology that delivers twice the networking performance of industry peers. To grow the Wi-Fi+X ecosystem, Huawei also debuted the eCampusLink platform and HiSpaceX appliance, supporting full-element digital campus operations with unified access, spatial modeling, and rapid orchestration.Full-scope security: Huawei’s solution offers asset, connectivity, spatial, and privacy security to enable full-scope security across the digital and physical worlds. Particularly, Huawei’s upgraded Asset Security Solution achieves second-level blocking of terminal behavior anomalies and precise network-security collaborative tracing, ensuring that all assets are fully visible, trustworthy, and controllable.Network autonomy: With the rise of AI, enterprises urgently need to boost their network O&M efficiency. Huawei meets this with its iFlow and distributed real-time simulation technologies to enable pre-event proactive detection, in-event rapid localization, and post-event service verification, thereby delivering real-time visibility into agent experience. Furthermore, Huawei has made upgrades across data, models, and tools to deliver 24/7 AI-powered operations, achieving a 95% troubleshooting accuracy rate and a 90% reduction in MTTR.

Looking ahead, Huawei will continue to innovate and work closely with customers and partners worldwide to build a superfast, secure AI campus for the agentic world.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/huawei-unveils-upgraded-stellar-ai-campus-network-to-usher-in-the-new-era-of-ai-campuses-302883882.html

SOURCE Huawei

Continue Reading

Technology

Siemba Named a Sample Vendor in Three 2026 Gartner® Hype Cycle™ Reports for the Third Consecutive Year

Published

3 hours ago

on

September 20, 2026

By

ATLANTA, Sept. 19, 2026 /PRNewswire/ — Siemba, a leading Offensive Security provider announced that it was named a Sample Vendor for Penetration Testing as a Service in three 2026 Gartner® Hype Cycle™ reports: the Hype Cycle for Security Operations, the Hype Cycle for Application Security, and the Hype Cycle for XaaS.

This marks the third consecutive year Siemba has been named in all three Hype Cycle reports, following three reports in 2025 and three in 2024. Siemba believes this reinforces its continued role in shaping the future of offensive security.

In our view, the Gartner Hype Cycle reports provide a perspective on the maturity and adoption of emerging technologies. For cybersecurity and infrastructure decision-makers, they serve as strategic guides for evaluating technology maturity, adoption timelines, and investment priorities. Siemba’s inclusion spans three distinct research agendas:

The 2026 Hype Cycle for Security Operations, which examines the technologies and services that enable the operational defense of digital assets, including the continued growth of CTEM as a priority for security teams.
 The 2026 Hype Cycle for Application Security, which examines how AI transformation, agentic applications, and shifting DevSecOps practices are reshaping enterprise application risk.
 The 2026 Hype Cycle for XaaS, which examines how everything as a service is redefining IT as a utility and platform-driven consumption model.

Our takeaways in all three reports – PTaaS is profiled as delivering automated and human-led testing through a SaaS platform, supporting point-in-time, continuous, and change-driven assessments, and increasingly incorporating external attack surface discovery to expand coverage. The research notes that PTaaS supports Continuous Threat Exposure Management through dynamic scoping, adaptive retesting, and faster mobilization of results, and that it enables continuous or change-based validation earlier in the software development life cycle while delivering findings through a platform that accelerates remediation and collaboration.

“To us, being named a Sample Vendor in all three reports for a third consecutive year reflects the growing enterprise conviction that continuous, platform-driven offensive security is no longer a nice-to-have. It is a strategic imperative,” said Kannan Udayarajan, Founder and CEO of Siemba.

“Our Full Funnel Offensive Security platform is purpose-built for the speed and scale that modern security programs demand. We believe this reflects real momentum in how CISOs are modernizing their offensive security posture, particularly as AI-assisted development expands the attack surface faster than annual testing cycles can cover it.”

Siemba’s AI-driven platform combines External Attack Surface Mapping, AI-native Dynamic Application Security Testing (DAST), automated vulnerability assessments, and expert-led Penetration Testing as a Service, alongside coverage for emerging AI attack surfaces including MCP servers, agentic AI workflows, and LLM applications. Every fix is automatically retested, with certified engineer sign-off and audit-ready certificates issued through Verified Closure, helping enterprises operationalize CTEM programs at scale.

To learn more or download the 2026 Gartner Hype Cycle reports, visit: https://www.siemba.io/gartner-hype-cycle-2026

Gartner Disclaimer

Gartner, Hype Cycle for Security Operations, 2026, Darren Livingstone, Jonathan Nunez, 5 June 2026

Gartner, Hype Cycle for Application Security, 2026, Dionisio Zumerle, 21 July 2026

Gartner, Hype Cycle for XaaS, 2026, Jason Donham, 7 July 2026

Gartner and Hype Cycle are trademarks of Gartner, Inc. and/or its affiliates.

Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact.

Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose. The graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Siemba.

About Siemba

Siemba’s outcome-driven Full Funnel Offensive Security model brings together Penetration Testing as a Service (PTaaS), AI-native Autonomous DAST, Vulnerability Assessments, and External Attack Surface Mapping on one unified AI-driven platform. The platform delivers actionable data and insights enabling visibility, speed, scalability, and efficiency in Continuous Threat Exposure Management (CTEM).

Enterprises, global systems integrators, government agencies and growing companies leverage Siemba to establish CTEM programs, map assets, launch and schedule autonomous assessments, conduct expert-led penetration testing, and autonomously gather strategic threat and efficiency insights to maximize Return on Mitigation.

The platform provides one-click security-framework-aligned reports, attack scoring, prioritized findings with suggested remediation actions, and attack proofs of concept. Coverage extends across traditional web, API, and network attack surfaces as well as AI attack surfaces including MCP servers, agentic AI systems, and RAG pipelines. Testing is performed by in-house OSCP, CPENT and CEH certified engineers, and every fix is revalidated through Verified Closure.

www.siemba.io

View original content to download multimedia:https://www.prnewswire.com/news-releases/siemba-named-a-sample-vendor-in-three-2026-gartner-hype-cycle-reports-for-the-third-consecutive-year-302883865.html

SOURCE Siemba

Continue Reading

Trending