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A top-notch restructuring group, capable of handling the biggest and the most difficult restructuring from either company side or creditors’ side.
- Chambers USA, Band 1 Bankruptcy/Restructuring (Nationwide and NY)
Centerbridge Partners Leads $700 Million Private Financing of Sabre Corporation
- Client News
- June 13, 2023
Paul, Weiss advised Centerbridge Partners, L.P. as lead investor in a $700 million private financing, alongside other institutional investors, of Sabre Corporation, a leading software and technology provider that powers the global travel industry. Concurrently, Sabre completed its corresponding early tender settlement by purchasing $670 million in principal amount of the 9.250% senior secured notes due 2025 via a cash tender offer. The transaction enables Sabre to strengthen its balance sheet by extending a significant portion of its maturities and provides financial flexibility and improved free cash flow through 2025.
The Paul, Weiss team was led by Paul Basta, Alice Eaton and Suhan Shim, and included corporate partners Brian Kim, Sarah Stasny, David Huntington and Marco Masotti and counsel Bruce Gruder, David Curtiss and Mikhel Schecter; intellectual property partner Claudine Meredith-Goujon and counsel Marisa Geiger; and tax partner David Mayo and counsel Mashiho Yuasa.