Exhibit 10.3
Execution Version
FOURTH TERM LOAN B EXTENSION AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT, dated as of November 25, 2024 (this “Fourth 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 Fourth 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 “Term B Loan Extension Request”), the Borrower has requested an extension of the scheduled maturity of the existing 2021 Other Term B-1 Loans;
WHEREAS, each Extending Lender, subject to the terms and conditions contained herein, has agreed to the Term B Loan Extension Request and has elected to convert its existing 2021 Other Term B-1 Loans (the “Existing Term B Loans”) into a new and separate Class of Extended Term Loans (the “2024 Term B-2 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 Fourth 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.
SECTION 2 Extension Amendment.
(a) For the avoidance of doubt, (i) this Fourth Term Loan Extension Amendment constitutes an “Extension Amendment” pursuant to which a new Class of Extended Term Loans is established pursuant to Section 2.16 of the Credit Agreement, (ii) each existing 2021 Other Term B-1 Lender that has executed and delivered a counterpart to this Fourth Term Loan Extension Amendment has made an “Extension Election” and constitutes an “Extending Lender” with respect to its 2021 Other Term B-1 Loans and (iv) the Fourth Term Loan Extension Amendment Effective Date (as defined below) constitutes an “Extension Date” under Section 2.16 of the Credit Agreement.
(b) Subject to the terms and conditions set forth herein and the occurrence of the Fourth Term Loan Extension Amendment Effective Date, each Extending Lender agrees to convert all of its Existing Term B Loans into 2024 Term B-2 Loans. The Existing Term B Loans of Term Lenders that are not Extending Lenders party hereto shall remain unaffected and outstanding pursuant to the Credit Agreement.