OYO to prepay over Rs 1,600 crore debt via buyback

New Delhi: Global travel-tech player OYO is set to prepay a significant chunk of its debt amounting to Rs 1,620 crore through a buyback process.

The buyback initiative involves the repurchase of 30 per cent of OYO’s outstanding Term Loan B (TLB), as per an announcement by the IPO-bound company on the Bloomberg terminal.

The repayment of this debt is scheduled for June 2026. The offer is being fully funded with cash on balance sheet and from cash collateral account.