Derivatives (Tables)

9 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Swaps

Interest rate swaps outstanding during the nine months ended September 30, 2025 and 2024, are as follows:

Notional Amount

Interest Rate
Received

Interest Rate Paid

Effective Date

Maturity Date

Designated as Hedging Instrument

$250 million

1 month SOFR(1)

4.72%

June 30, 2023

June 30, 2026

$250 million

1 month SOFR(1)

3.88%

December 31, 2023

December 31, 2024

$250 million

1 month SOFR(1)

4.37%

January 16, 2024

January 31, 2026

______________________

(1) Subject to a 0.5% floor.

Schedule of Estimated Fair Values of Derivatives Designated as Hedging Instruments

The estimated fair values of our derivatives designated as hedging instruments as of September 30, 2025 and December 31, 2024 are as follows (in thousands):


	Derivative Assets
		Fair Value as of
Derivatives Designated as Hedging Instruments	Consolidated Balance Sheet Location	September 30, 2025		December 31, 2024



Interest rate swaps	Other accrued liabilities	$	(1,961)	$	(1,593)
Interest rate swaps	Other noncurrent liabilities	—		(673)
Total		$	(1,961)	$	(2,266)

Schedule of Derivative Instruments, Net of Taxes

The effects of derivative instruments, net of taxes, on OCI for the three and nine months ended September 30, 2025 and 2024 are as follows (in thousands):


	Amount of Gains (Losses) Recognized in OCI on Derivative, Effective Portion
Derivatives in Cash Flow Hedging Relationships		Three Months Ended September 30,				Nine Months Ended September 30,
		2025		2024		2025		2024

Interest rate swaps		$	38	$	(6,733)	$	27	$	2,600
Total		$	38	$	(6,733)	$	27	$	2,600


		Amount of Losses (Gains) Reclassified from Accumulated OCI into Income, Effective Portion
Derivatives in Cash Flow Hedging Relationships	Income Statement Location	Three Months Ended September 30,				Nine Months Ended September 30,
		2025		2024		2025		2024

Interest rate swaps	Interest expense, net	$	144	$	(2,133)	$	438	$	(6,178)
Total		$	144	$	(2,133)	$	438	$	(6,178)

Sabre Corp 10-Q