Yatra Online : Full Prepayment of the Loan - Form 6-K
September 29, 2023 at 10:53 am EDT
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Full Prepayment of the Loan
As previously reported, on June 29, 2023, the Company had made a partial pre-payment of US$ 1.6 million towards the US$ 10.0 million principal amount outstanding under the promissory note issued pursuant to the Note Purchase Agreement dated October 5, 2022, as amended, by and between the Company and MAK Capital Fund, LP, ("MAK"), an affiliate of Michael A. Kaufman, a member of our Board of Directors (the "Note Purchase Agreement"). Consequently, the principal amount outstanding under the Promissory Note was reduced to US$ 8.4 million (the "Outstanding amount").
On September 28, 2023, the Company has made the pre-payment of the entire Outstanding amount along with the accrued interest totalling about US$ 9.45 million, before its maturity date, and accordingly stands discharged in respect of all its obligations under the Note Purchase Agreement.
Yatra Online Inc. published this content on 29 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2023 14:52:42 UTC.
Yatra Online, Inc. is an online travel company. The Company provides travel services to corporate and consumers. It allows leisure and business travelers to explore, research, compare prices and book a range of services catering to their travel needs through its Website and mobile applications, and other associated platforms. It operates through three segments: Air Ticketing, Hotels and Packages, and Other Services. Its services include domestic and international air ticketing on Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings and ancillary services within India. The Company also provides access through its platform to hotels, homestays, and other accommodations. Its applications include Yatra, Yatra Web Check-In, Yatra Corporate, and Travelguru HomeStay. Its other services consist of rail tickets, bus tickets, taxi rentals and ancillary value-added services, such as travel insurance, visa processing and tickets for activities and attractions.
YATRA ONLINE, INC. 
