Byju’s, lenders aim to strike new pact for $1.2 billion loan by August 3

Byju’s and its term loan B lenders will seek to hammer out an accord on changes to conditions in 10 days to speed up disbursal and end litigation. The lenders collectively account for more than 85% of the edtech’s $1.2 billion term loan B and have agreed with Byju’s “to work collaboratively toward a signed and completed term loan amendment prior to August 3, 2023,” according to a statement issued Monday evening.