Sabre Completes Sale of Hospitality Solutions Business to TPG, Puts $960 Million Toward Debt Paydown

Sabre Corporation has completed the sale of its Hospitality Solutions business to TPG for $1.1 billion, with $960 million of the proceeds to be used to pay down debt. The company's CEO, Kurt Ekert, expressed satisfaction with the transaction and its potential to reduce net leverage and optimize the portfolio for sustainable growth. Sabre will continue to focus on positioning the company for future success.

Sabre Corporation (NASDAQ: SABR) has announced the completion of the sale of its Hospitality Solutions business to TPG for $1.1 billion, with net proceeds amounting to $960 million after taxes and fees [1]. The majority of the proceeds will be allocated to reduce the company's debt and decrease net leverage, according to CEO Kurt Ekert [2].

The sale represents a significant milestone in Sabre's ongoing transformation strategy, aimed at optimizing its portfolio and fostering sustainable growth. Ekert expressed satisfaction with the transaction, stating that it provides an opportunity to pay down debt and reduce net leverage, thereby positioning the company for future success.

Sabre, a leading technology company in the travel industry, will continue to focus on its core competencies in retailing, distributing, and fulfilling travel services worldwide. The company serves customers in over 160 countries globally [1].

The completion of this sale aligns with Sabre's objective to streamline its operations and concentrate on its core business areas. This move is expected to enhance the company's financial health and strategic direction.

References:
[1] https://www.prnewswire.com/news-releases/sabre-announces-closing-of-sale-of-hospitality-solutions-business-to-tpg-302498040.html
[2] https://www.stocktitan.net/news/SABR/sabre-announces-closing-of-sale-of-hospitality-solutions-business-to-ft7pivx1hx38.html