Byju’s, creditors agree to amend $1.2 billion loan terms: Report
![Byju’s, creditors agree to amend $1.2 billion loan terms: Report](https://campaign24.in/wp-content/uploads/2023/07/download-70.jpg)
The successful execution of the loan amendment would “immediately” solve the loan’s acceleration and end all open litigation and avoid further enforcement actions.
- Byju’s and creditors working on $1.2B loan amendment
- Loan amendment likely to resolve Byju’s acceleration and litigation issues
- Edtech startup Byju’s and creditors in agreement for loan terms
India’s Byju’s and its lenders, who own more than 85% of the edtech startup’s $1.2 billion term loan, have agreed to work towards amending that loan by Aug. 3, the steering committee of the creditors group said on Monday.
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The successful execution of the loan amendment would “immediately” solve the loan’s acceleration and end all open litigation and avoid further enforcement actions, the steering committee said in a statement.