RateGain UK Prepays USD 46.25 Million Loan

RateGain Travel Technologies Ltd has announced that its wholly-owned subsidiary, RateGain UK, has prepaid an additional USD 46.25 Million of its outstanding loan facilities. This prepayment is part of the total credit facilities of USD 125 Million originally availed by RateGain UK. Following this latest prepayment, the outstanding loan balance for RateGain UK is now reduced to USD 31.25 Million. Consequently, the corporate guarantee provided by the parent company, RateGain Travel Technologies Ltd, in favor of HSBC and Citibank has also been reduced proportionally. This move indicates strong cash flow generation and a proactive approach to debt management by the subsidiary.