RateGain Travel Technologies Limited has disclosed that its wholly owned step-down subsidiary, Sojern, Inc., has secured a significant credit facility to support its general corporate purposes. The company informed the stock exchanges on August 20, 2026, that Sojern received an offer letter dated August 18, 2026, from J.P. Morgan Chase Bank, N.A., for a line of credit with an aggregate maximum amount of up to USD 40 million.

The transaction was formalized through a loan agreement executed on August 19, 2026. The facility is structured as a secured loan, with specific terms regarding interest rates and repayment schedules detailed in the offer letter. As of the disclosure date, the total amount outstanding under this facility is nil.

Corporate Guarantee Details

To secure this credit facility, RateGain Travel issued a corporate guarantee in favor of J.P. Morgan. The guarantee covers an amount of USD 44 million, which exceeds the principal facility size by USD 4 million, likely accounting for interest and other associated costs over the tenor of the loan.

The company stated that the promoters and promoter group have no interest in this transaction. The corporate guarantee was issued on an arm's length basis, complying with the applicable provisions of the Companies Act, 2013 and the SEBI Listing Regulations.

What the Numbers Show

The issuance of a corporate guarantee worth USD 44 million for a USD 40 million facility indicates a standard banking practice where the guarantee value includes coverage for potential interest accruals and fees. Since Sojern is a wholly owned step-down subsidiary, its financials are consolidated with RateGain Travel. The company noted that it does not foresee any material impact on the listed entity from this guarantee, as the borrowing entity is part of the consolidated group.

This disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction is not classified as a related-party transaction, and no shares were issued to the lender as part of this agreement.

RateGain Travel Technologies will host one-on-one investor meetings with Anand Rathi in Chennai on August 24, 2026. The company disclosed the schedule under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meetings will be conducted in person. RateGain stated that discussions during the sessions will refer to publicly available documents.

Meeting Details

Mukesh Kumar, General Counsel, Company Secretary & Compliance Officer, signed the disclosure on August 19, 2026.