Monday, July 15, 2024
Outlook India
Outlook Business

Term Loan

The funding will be used to pay off debt, with a portion set aside for this purpose and Byju's is reportedly considering listing only Aakash separately in India

Byju's has appointed a new chief financial officer as the company negotiates the conditions for its $1.2 billion term loan B and prepares to file its FY22 financials

The term loan B is reportedly due in 2026 and the interest rate change does not imply a default at BYJU’S end