Sabre Corporation SABR recently announced that it has refinanced a certain portion of existing Term Loan B and Revolving Credit Loan facilities.Per the terms, the company’s wholly-owned subsidiary, Sabre GLBL, has borrowed a total of $1.048-BILLION term loan B under the existing senior secured credit agreement. The newly refinanced term loans are in two tranches - a $404 million term loan “B-1” facility and a $644 million term loan “B-2” facility.The company intends to use the proceeds for the repayment of the existing Term B Loans in full, nearly $633.8 million, and Revolving Credit Loans of $400 million outstanding.The new credit facilities will mature on Dec 17, 2027. In addition, it allows the prepayment of these facilities after Dec 17, 2021 or at a 101 premium before this date.Sabre holds a large amount of debt in its balance sheet, which remains a risk for the company. As of Mar 31, 2021, Sabre’s long-term debt amounted to $4.71 billion versus cash and cash equivalents of $1.28 billion. This leaves the company with a significant amount of net debt of $3.43 billion.It revealed that the recent refinancing will not result in any additional debt other than the amounts incurred on interest, fees and expenses in reference to the credit loans.Sabre Corporation Price Sabre Corporation price | Sabre Corporation QuoteThe latest move reflects the company’s sustained focus on improving financial flexibility and debt-maturity profile to stay afloat amid challenges posed by the COVID-19 pandemic.In late December, Sabre also made an announcement of refinancing. It was about Term A loans and the redemption of Sabre GLBL’s Senior Secured Notes. Per the terms, Sabre GLBL borrowed a $637-MILLION term loan "B" facility under the existing senior secured credit agreement.The company intended to utilize the proceeds from the aforementioned refinancing for the repayment of the existing Term A Loans in full (roughly $134 million) and redeem Sabre GLBL's $500-MILLION outstanding 5.250% Senior Secured Notes, maturing in November 2023.In September 2020, Sabre readjusted the capital structure to enhance cash on hand and expand the debt-maturity profile. The company generated roughly $598 million in proceeds (net of commissions) from equity offerings, thereby increasing cash on hand.It extended the scheduled maturity of a major portion of its debt through the issuance of an $850-MILLION aggregate principal amount of new senior secured notes due 2025. The company also extended maturity with respect to a portion of its existing bank facility.However, uncertainty related to the pandemic and lockdowns in some countries remain major concerns for the company. Global lockdown measures to contain the spread of coronavirus have hit the travel industry hard, thereby hurting Sabre’s travel bookings, financial condition and operating results.Zacks Rank & Stocks to ConsiderCurrently, Sabre carries a Zacks Rank #5 (Strong Sell).Some better-ranked stocks in the broader technology sector include Digital Turbine APPS, MakeMyTrip Limited MMYT and Advanced Micro Devices AMD. While Digital Turbine sports a Zacks Rank #1 (Strong Buy), MakeMyTrip and Advanced Micro Devices carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Long-term earnings growth rates for Digital Turbine, MakeMyTrip and Advanced Micro Devices are currently projected at 50%, 48.6%, and 35%, respectively. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report MakeMyTrip Limited (MMYT): Free Stock Analysis Report Sabre Corporation (SABR): Free Stock Analysis Report Digital Turbine, Inc. (APPS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research