SOUTHLAKE, Texas, Feb. 22, 2017 /PRNewswire/ -- Sabre Corporation ("Sabre" or the "Company") (Nasdaq: SABR) today announced the closing of an incremental term loan credit facility. The proceeds of the $1.9 billion incremental Term Loan B facility ("Term Loan B Facility") were applied to pay down approximately $1.75 billion of all existing classes of outstanding term loans (other than Incremental Term A Loans) incurred prior to February 22, 2017 under the Company's existing senior secured term loan credit facility (the "Credit Facility") and will be used for purposes of repaying approximately $80 million of its outstanding mortgage on its corporate headquarters, and for other general corporate purposes. The Term Loan B Facility matures on February 22, 2024.
Bank of America Merrill Lynch, Goldman Sachs Lending Partners LLC, JP Morgan Chase Bank, N.A., Mizuho Bank, Ltd., Morgan Stanley MUFG Loan Partners, LLC (acting through The Bank of Tokyo-Mitsubishi UFJ, Ltd., a member of MUFG, a global financial group, and Morgan Stanley Senior Funding, Inc.), Natixis, New York Branch, and Wells Fargo Securities, LLC acted as joint lead arrangers and joint bookrunners for the transaction. Bank of America, N.A. is the administrative agent and collateral agent for the Credit Facility under which the incremental Term Loan B Facility was extended and borrowed.