Moody's assigns Ba3 to Sabre loan

Moody's Investors Service said it assigned a Ba3 rating to the proposed senior secured term loan to be issued by Sabre GLBL Inc., a wholly-owned subsidiary of Sabre Holdings Corp. All other ratings, including Sabre's Ba3 corporate family rating and negative outlook are unchanged.

Sabre will use the proceeds to refinance a portion of the company's $1.8 billion senior secured term loan due February 2024.

“The refinancing is leverage neutral and favorably extends a portion of Sabre's nearest term debt maturities,” Moody’s said in a press release.

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