Sabre ups talk on $750 million extended loan to Libor plus 575 bps

By Sara Rosenberg

New York, Feb. 23 - Sabre Holdings increased price talk on its proposed up to $750 million extended term loan to Libor plus 575 basis points from Libor plus 525 bps, according to a market source.

The company is looking to extend the debt by three years from 2014.

Non-extended term loan pricing is Libor plus 225 bps.

In addition, the company is now offering an 85 bps extension fee, up from 35 bps, while the 15 bps amendment fee was left unchanged, the source said.

As before, the company is also looking to extend the maturity on at least $400 million of its $500 million revolver by 31/2-years to September 2016 at pricing of Libor plus 450 bps, compared to non-extended pricing of Libor plus 200 bps.

Bank of America Merrill Lynch is the left lead on the amendment.

Sabre is a Southlake, Texas-based online travel company.

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