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SOUTHLAKE, Texas - Sabre Corporation (NASDAQ:SABR), currently valued at $1.33 billion in market capitalization, announced Monday it has completed the previously disclosed sale of its Hospitality Solutions business to TPG for $1.1 billion, generating $960 million in net proceeds after taxes and fees.
The company plans to use the majority of the proceeds to reduce its debt and lower its net leverage ratio, according to a press release statement. This move appears timely, as InvestingPro data shows Sabre operates with a significant debt burden of $5.12 billion and has not been profitable over the last twelve months.
"The completion of the sale of Sabre Hospitality Solutions to TPG is an important step in Sabre’s ongoing transformation," said Kurt Ekert, President and CEO of Sabre.
The transaction represents a significant move in Sabre’s portfolio optimization strategy as the travel technology company continues to refocus its operations.
Sabre Corporation, headquartered in Southlake, Texas, provides technology solutions for airlines, hotels, travel agencies and other partners in the travel industry across more than 160 countries.
The sale, which was previously announced but has now been finalized, marks a notable divestiture for the company as it adjusts its business structure.
The transaction comes as part of Sabre’s efforts to streamline operations and focus on core business segments. The company serves customers globally with employees located worldwide.
In other recent news, Sabre Corporation reported its first-quarter 2025 earnings with revenue remaining flat at $777 million, slightly below the forecast of $793.4 million. The earnings per share came in at zero, missing the expected $0.002, which led to investor disappointment. Despite the revenue shortfall, Sabre achieved a 5% increase in adjusted EBITDA, reaching $150 million. Sabre also announced a $975 million senior secured notes offering through its subsidiary, Sabre GLBL Inc., with the proceeds aimed at debt repayment. Additionally, Sabre has appointed Jennifer Catto as the new Chief Marketing Officer to lead its global marketing strategy. In another development, Sabre renewed its partnership with Vietravel Airlines for five more years, continuing to provide the Radixx Passenger Service System to support the airline’s growth. These recent developments reflect Sabre’s strategic moves to strengthen its financial position and enhance its market presence.
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