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Sabre will use new notes to pay down term loan B
Chicago, Nov. 21 – Sabre GLBL Inc. will use the proceeds from a new offering of notes to pay down Sabre Corp.’s term loan B, according to a press release.
With cash on hand, the company plans to repay $536 million of the debt under the term loan, which is scheduled to mature in 2024.
Sabre is a Southlake, Tex.-based software and technology company for the travel industry.
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