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OYO Hits Pause on IPO, Plans to Refile After Refinancing: Sources

So its prudent to withdraw the current application, he added.The refinancing will extend the repayment timeline to five years versus the repayment of the remaining TLB due in 2026 the source said.The bond issuance would significantly lower the current effective interest rate of 14 per cent on its existing USD 450 million Term Loan B TLB facility.The refinancing is expected to result in annual interest savings of USD 8-10 million Rs 66.4-83 crore in the first year, after accounting for the costs associated with the bond issuance. ....

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Byju's: Byju's US lenders invokes parent company's guarantee in insolvency proceedings

NCLT gives Byjus three weeks to respond to US lenders petition; seeks response to BCCI plea as well ....

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Cost optimization: Byju's puts on hold campus placement

The company has been rationalizing costs for the last 12 months ....

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Byju's, creditors agree to amend $1.2 billion loan terms: Report

The successful execution of the loan amendment would "immediately" solve for the loan's acceleration and end all open litigation and avoid further enforcement actions. ....

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byju's term loan amendment: Byju's, lenders agree to amend $1.2 billion term loan by August 3

A formal agreement with lenders is of considerable significance for Byjus as its differences with the former over the $1.2 billion TLB have emerged as a key pain point for the firm ....

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