SABRP Sabre Corporation - 6.50% Series A Mandatory Convertible Preferred Stock

The mandatory convertible preferred stock will accumulate cumulative dividends at a rate per annum equal to 6.50% on the liquidation preference thereof, which is $100.00 per share of mandatory convertible preferred stock. Dividends on the mandatory convertible preferred stock will be payable when, as and if declared by our board of directors, out of funds legally available for their payment to the extent paid in cash, quarterly in arrears on March 1, June 1, September 1 and December 1 of each year, beginning on December 1, 2020 and ending on, and including, September 1, 2023. Declared dividends on the mandatory convertible preferred stock will be payable, at our election, in cash, shares of our common stock or a combination of cash and shares of our common stock. Unless previously converted, each outstanding share of mandatory convertible preferred stock will automatically convert, for settlement on the mandatory conversion settlement date, which is scheduled to occur on September 1, 2023, into between 11.9048 and 14.2857 shares of our common stock, which we refer to as the minimum conversion rate and the maximum conversion rate, respectively. Each of the minimum conversion rate and the maximum conversion rate is subject to adjustment. Preferred stockholders will have the right to convert all or any portion of their shares of mandatory convertible preferred stock at any time until the close of business on the mandatory conversion date.  This security was issued by Sabre Corp, whose common stock symbol is SABR.

$177.78  -1.67 (-0.93%)
As of 06/18/2021 15:58:24 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Convertible
GICS sector:  Information Technology
Industry:  Information Technology Service
Index country:  USA
Country of incorporation:  USA
IPO date:  08/20/2020
Outstanding shares:  3,000,000
Average volume:  23,618
Market cap:   $521,580,000
Current dividend yield:  3.74%    calculation
Coupon rate:    6.500%
Cumulative:    Yes
Liquidation value:   $100.00
Callable after:   01/01/1900
Maturity date:    09/01/2023
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    78573M203
ISIN:        US78573M2035
Sedol:      BMW4RS0

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