Eye on revival, Oyo secures $660 million debt

Oyo Hotels & Homes has closed a debt financing round of $660 million from global institutional investors to service existing loans, according to people aware of the company’s aim to recover from the disruption caused by the pandemic’s second wave.

Wall Street investors such as Fidelity, Citadel Capital Management and Varde Partners have subscribed to Oyo’s term loan B (TLB), sources told ET.