Sabre to start roadshow Wednesday for $400 million seven-year notes

By Paul A. Harris

Portland, Ore., April 24 - Sabre Holdings will start a roadshow on Wednesday for a $400 million offering of seven-year senior secured notes, according to a syndicate source.

The deal is set to price mid-to-late in the April 30 week.

Goldman Sachs & Co., Bank of America Merrill Lynch, Barclays Capital Inc., Deutsche Bank Securities Inc., Mizuho Securities, Morgan Stanley & Co. LLC and Natixis are the joint bookrunners.

The Rule 144A and Regulation S notes come with three years of call protection.

The Southlake, Texas-based travel technology company plans to use the proceeds to repay portions of its outstanding loans due 2014, as part of a proposed amendment and extension of its credit facility, and for general corporate purposes.

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