Carlyle Lends $400 Million to Back TPG’s $1.1 Billion Sabre Deal

Carlyle Group Inc. provided a $400 million financing package to support TPG Inc.’s recent acquisition of travel technology company Sabre Corp.’s Hospitality Solutions unit, according to a statement Tuesday.

• The transaction carves out Sabre’s Hospitality Solutions arm as a standalone hospitality tech firm
• The deal is structured as a unitranche that includes a term loan and a revolver, according to a person with knowledge of the matter, who asked not to be identified discussing private information
• Carlyle’s financing will back TPG’s investment in new product development initiatives and global customer onboarding for the newly independent company, according to ...