Exhibit 10.2
Execution Version
THIRD TERM LOAN B EXTENSION AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT, dated as of November 25, 2024 (this “Third Term Loan Extension Amendment”), among Sabre GLBL Inc., a Delaware corporation (the “Borrower”), Sabre Holdings Corporation, a Delaware corporation (“Holdings”), each of the other Loan Parties, Bank of America, N.A. (“Bank of America”), as administrative agent (in such capacity, the “Administrative Agent”) and the Term B Lenders party hereto (each an “Extending Lender” and collectively, the “Extending Lenders”). The joint bookrunners for this Third Term Loan Extension Amendment are BofA Securities, Inc., Morgan Stanley Senior Funding, Inc. and Perella Weinberg Partners LP.
WHEREAS, the Borrower, Holdings, the Lenders and the Administrative Agent are parties to that certain Amended and Restated Credit Agreement, dated as of February 19, 2013 (as amended, amended and restated, modified and/or supplemented through the date hereof, the “Credit Agreement”), pursuant to which the Lenders have extended credit to the Borrower;
WHEREAS, in accordance with the provisions of Section 2.16 of the Credit Agreement and pursuant to a Term B Loan Extension Request, dated November 7, 2024 (the “2021 Other Term B-2 Loan Extension Request”), the Borrower has requested an extension of the scheduled maturity of the existing 2021 Other Term B-2 Loans;
WHEREAS, in accordance with the provisions of Section 2.16 of the Credit Agreement and pursuant to a Term B Loan Extension Request, dated November 7, 2024 (the “2022 Term B Loan Extension Request”), the Borrower has requested an extension of the scheduled maturity of the existing 2022 Term B Loans;
WHEREAS, in accordance with the provisions of Section 2.16 of the Credit Agreement and pursuant to a Term B Loan Extension Request, dated November 7, 2024 (the “2022 Term B-2 Loan Extension Request” and together with the 2021 Other Term B-2 Loan Extension Request and the 2022 Term B Loan Extension Request, the “Term B Loan Extension Requests”), the Borrower has requested an extension of the scheduled maturity of the existing 2022 Term B-2 Loans;
WHEREAS, each Extending Lender, subject to the terms and conditions contained herein, has agreed to the applicable Term B Loan Extension Request and has elected to convert its existing 2021 Other Term B-2 Loans, 2022 Term B Loans and/or 2022 Term B-2 Loans (collectively, the “Existing Term B Loans”) into a new and separate Class of Extended Term Loans (the “2024 Term B-1 Loans”);
WHEREAS, in accordance with the provisions of Section 2.16 of the Credit Agreement and the terms and conditions set forth herein, the Borrower, Holdings, each of the other Loan Parties, the Extending Lenders and the Administrative Agent wish to effect this Third Term Loan Extension Amendment;
WHEREAS, the parties hereto wish to amend certain other provisions of the Credit Agreement as hereinafter provided in connection with foregoing, on the terms and subject to the conditions set forth herein;
NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto hereby agree as follows:
SECTION 1 Defined Terms. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Credit Agreement.