Indian edtech company Byju’s has offered to repay its $1.2 billion term loan within six months, according to sources. The company has proposed repaying $300 million within three months and the remaining amount in the subsequent three months. Byju’s and its lenders have been in conflict for almost a year, and negotiations to revamp the loan agreement have failed. The lenders are currently reviewing the repayment proposal.
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Byju’s makes a surprise $1.2 billion repayment proposal to lenders
Indian edtech company Byju’s has offered to repay its $1.2 billion term loan within six months, according to sources. The company has proposed repaying $300 million within three months and the remaining amount in the subsequent three months. Byju’s and its lenders have been in conflict for almost a year, and negotiations to revamp the loan agreement have failed. The lenders are currently reviewing the repayment proposal.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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