Date: November 05, 2026

Board Meeting Outcomes

  • RateGain UK, a wholly owned subsidiary, prepaid USD 46,250,000 (USD 46.25 Million) to its bankers
  • This prepayment is from the total credit facilities of USD 125,000,000 (USD 125 Million)
  • Consequent to this prepayment, the outstanding loan/debt stands reduced to USD 31,250,000 (USD 31.25 Million)
  • The drawn credit facility now stands at an aggregate maximum amount of up to USD 40 Million
  • The corporate guarantee provided by RateGain Travel Technologies Limited to HSBC and Citibank shall stand reduced proportionally

Historical Context

  • Company signed Facility Agreement on October 29, 2025 with HSBC and Citibank
  • Previous prepayments made: USD 19,000,000 on February 05, 2026 and USD 9,750,000 on August 05, 2026
  • Previous loan instalments paid: USD 6,250,000