RateGain Travel Technologies Limited has filed a disclosure under SEBI LODR Regulation 30 regarding further prepayment of loan facilities by its wholly owned subsidiary, RateGain Technologies Limited, UK (RateGain UK).
Key Transaction Details
- On August 05, 2026, RateGain UK prepaid USD 9,750,000 (USD 9.75 million) along with the applicable loan installment of USD 6,250,000 (USD 6.25 million) to its bankers
- This payment was made against the total credit facilities of USD 125,000,000 (USD 125 million)
- The prepayment follows previous disclosures made on October 29, 2025, and February 05, 2026
Financial Impact
- Outstanding loan/debt reduced to USD 77,500,000 (USD 77.50 million) following this prepayment
- The corporate guarantee provided by RateGain Travel Technologies Limited to HSBC and Citibank is proportionally reduced to the extent of the prepayment
- The guarantee reduction is in accordance with the terms of the Facility Agreement signed on October 29, 2025
Historical Context
- The Company had previously disclosed on October 29, 2025, that it signed a Facility Agreement and issued corporate guarantee in favor of The Hongkong and Shanghai Banking Corporation Limited (HSBC) and CitiGroup Global Markets Asia Limited (Citibank)
- The guarantee was provided for loan facilities availed by RateGain UK
- On February 05, 2026, the Company intimated about prepayment of USD 19,000,000 (USD 19 million) along with applicable loan installment of USD 6,250,000 (USD 6.25 million)