Ebix Chief Gets $1.8 Million Bonus As Bank Loan Comes Due (1)

Ebix Inc. Chief Executive Officer Robin Raina received a $1.8 million bonus last week, even as a Sept. 30 deadline looms for the company to repay a loan of more than $600 million to a syndicate of US banks without having the cash on hand.

Ebix, based in Johns Creek, Georgia, disclosed the bonus in a regulatory filing Monday. It said that $1.2 million of the bonus was paid on Sept. 19, the day the board awarded it to Raina. The remainder will be paid in October, according to the filing. As of June 30, Ebix reported having $62.2 million ...