Sabre plans to launch $300 million term loan B-2 on Friday

By Sara Rosenberg

New York, Sept. 12 - Sabre Inc. will hold a call on Friday to launch a $300 million covenant-light term loan B-2, according to a market source.

BofA Merrill Lynch is the lead bank on the deal.

The B-2 loan has 101 soft call protection through February 2014, the source said.

Proceeds will be used to help fund costs associated with a marketing agreement between Sabre's wholly owned company, Travelocity, and Expedia Inc.

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

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