RateGain Travel Technologies Converts $112 Million Loan to Equity in UK Subsidiary
Published on: Feb. 13, 2026, 7:37 p.m. | Source: scanx.trade
RateGain Travel Technologies has converted a USD 112.21 million inter-corporate loan into equity shares of its UK subsidiary RG UK. The transaction involves USD 109,745,000 in principal and USD 2,461,225 in accrued interest, totaling GBP 82,504,577. RG UK, incorporated in 2014, specializes in travel technology solutions and reported £26,198,727 turnover for FY 2024-25, showing consistent growth trajectory. The acquisition is expected to complete by March 31, 2026.
