News > BYJU’S seeks easier terms against its $1.2 billion loan, claims report
BYJU’S seeks easier terms against its $1.2 billion loan, claims report
08/12/2022 09:33 AM | Click to read full article
Online edtech start-up, BYJU’S is endeavouring to restructure its loan worth $1.2 billion as it struggles to cope with steep losses and cost reduction targets, a report by Bloomberg revealed. The report further highlighted that the decacorn has appointed an adviser to discuss tweaks in covenants of the term loan B with creditors.