Sabre Announces Pricing Of Secondary Offering Of 24 Mln Shares At $26 Per Share

(RTTNews) - Sabre Corp. (SABR), a provider of technology solutions to the travel and tourism industry, announced the pricing of a public offering of 24 million shares of common stock by existing stockholders affiliated with TPG Global, LLC and Silver Lake Management Company, L.L.C. at a price of $26 per share.

In addition, the selling stockholders have granted the underwriters of the secondary offering a 30-day option to purchase up to an additional 3.6 million shares of common stock.

The company is not selling any shares in this offering and will not receive any proceeds from the sale of the shares by the selling stockholders.

Goldman, Sachs & Co., BofA Merrill Lynch, Morgan Stanley, Deutsche Bank Securities and Evercore ISI are acting as joint bookrunners for this offering.

Additionally, TPG Capital BD, LLC, Jefferies, Foros, Cowen and Company, Sanford C. Bernstein, William Blair, Mizuho Securities, Natixis and The Williams Capital Group, L.P. are acting as co-managers for the offering.