Sabre Holdings Completes Offering of $400 Million of Senior Unsecured Notes
March 13 2006 - 12:02PM
Business Wire
Sabre Holdings Corporation (NYSE:TSG) today announced it completed
its $400 million offering of 10-year senior unsecured notes. The
notes will pay a coupon of 6.35% and were priced at a yield of
6.40%. Proceeds from the offering will be used to partially
refinance the bridge facility for the acquisition of
lastminute.com. Morgan Stanley & Co. Incorporated and Bear,
Stearns & Co. Inc. acted as joint book-running managers for the
offering. Sabre Holdings supports travelers, travel agents,
corporations, government agencies and travel suppliers by providing
travel products and distribution and technology solutions through
its companies: Travelocity, Sabre Travel Network and Sabre Airline
Solutions. Headquartered in Southlake, Texas, the company operates
in 45 countries. Sabre Holdings is traded on the NYSE under the
symbol TSG.
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