Sabre Corporation - SABR STOCK NEWS

Sabre Corporation (NASDAQ: SABR) has announced a new long-term distribution agreement with Copa Airlines to ensure continued distribution of Copa's content through Sabre's travel marketplace. This partnership aims to drive revenue growth for Copa by enhancing its reach to thousands of travel agencies. Following a five-month operational pause due to pandemic-related hub closures, Copa is gradually resuming services and expanding its network. The agreement will provide essential distribution solutions to connect travelers across the Americas.

Sabre Corporation (NASDAQ: SABR) announced its participation in the Deutsche Bank Investor Conference on September 14, 2020, at 3:20 p.m. ET. Dave Shirk, Executive Vice President and President of Travel Solutions, will represent the company. A live audio webcast will be accessible via investors.sabre.com and will be available for replay for at least 90 days. Sabre is a key player in the global travel industry, managing over $260 billion in travel spend annually, and serves clients in over 160 countries.

Golden Travel and Tourism has extended its contract with Sabre, a major software provider for the travel industry, for several years. This partnership allows Golden Travel to utilize Sabre Red 360, enhancing their operational efficiency and customer service. This agreement signifies ongoing trust and collaboration, with both parties optimistic about future growth. Sabre, which manages over $260B in annual travel spend, continues to innovate its technology to adapt to changing consumer demands in the travel sector.

Sabre Corporation (SABR) announced a successful capital structure readjustment on September 2, 2020, raising approximately $598 million in net proceeds through equity offerings. This increase in cash on hand is part of Sabre's strategy to enhance liquidity due to the ongoing effects of the COVID-19 pandemic. Additionally, Sabre extended the maturity of a significant portion of its debt through new senior secured notes of $850 million due 2025, aiming to position itself for growth post-pandemic.

Sabre Corporation (NASDAQ: SABR) has renewed its partnership with TravelStore, California's largest independent travel management company, through a multi-year agreement. This extension allows TravelStore to utilize Sabre's comprehensive travel content and Sabre Red 360 technology, enhancing their ability to provide personalized travel experiences. TravelStore, established in 1975, focuses on superior customer service and a wide range of travel management services, including virtual payment solutions for hotel bookings. The partnership aims to support business growth during the recovery of the travel industry.

Sabre Corporation (NASDAQ: SABR) has appointed Scott Wilson as the new president of Sabre Hospitality Solutions, effective September 8, 2020. Wilson brings over 25 years of experience in strategic planning and commercial activities from his previous roles at Great Wolf Resorts, Marriott International, and United Airlines. His appointment aims to streamline Sabre's hospitality business, which is crucial in the company's ongoing transformation towards personalized travel solutions. Recently, Sabre partnered with Accor to enhance its property management capabilities, focusing on innovation and increased market reach.

Sabre Corporation and SAS, Scandinavia's leading airline, announced a new multi-year distribution agreement on August 27, 2020. This deal allows Sabre-connected agencies to access competitive SAS content, enhancing SAS's global reach and control over distribution costs. The agreement aims to improve traveler experiences by providing a diverse range of offers through Sabre's global distribution system. SAS, committed to sustainability, aims to reduce carbon emissions by 25% by 2025 while serving around 30 million passengers annually.

Sabre Corporation (NASDAQ: SABR) has achieved significant milestones in enhancing its NDC capabilities, marking a step towards a personalized travel marketplace. The company has been certified Level 4 by IATA in collaboration with Flight Centre Travel Group and an airline partner, enhancing content access across the travel value chain. Additionally, Belavia Airlines became the first airline to receive IATA's Level 3 certification using Sabre's NDC technology. This progress is seen as crucial for improving travel distribution and meeting rising customer demands for personalization despite ongoing challenges from the COVID-19 pandemic.

Sabre Corporation (Nasdaq: SABR) announced the upsizing and pricing of a $850 million offering of 7.375% senior secured notes due 2025, an increase of $550 million. The offering is set to close on August 27, 2020. Proceeds will be utilized to repay approximately $300 million of Term Loan A debt due July 2022, refinance $530 million of 5.375% senior secured notes maturing in April 2023, and repay other secured debts. The notes will be guaranteed by Sabre Holdings and its subsidiaries, secured by a first-priority interest in Sabre GLBL's assets.