Bloomberg: Sabre to Seek $250 Million Term Loan to Refinance Debt
Sabre Inc. is said to be seeking a five-year $250 million covenant-lite term loan, a Bloomberg article reported. Bank of America, Deutsche Bank, Goldman Sachs Group, Morgan Stanley, Barclays, Natixis and Mizuho Corporate Bank are arranging the term loan, the article said.
The loan will refinance existing debt.
Sabre is an online travel-booking company that is owned by TPG Capital and Silver Lake Partners, which purchased the company in April 2007.
To read the Bloomberg article in its entirety, click here.