India’s Byju’s Plans Lender Call for Loan Amendment Proposal
- The company will hold the call with lenders on Monday
- Byju’s didn’t pay $40 million in interest due on term loan
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Byju’s reached out to a broad group of lenders after it elected to skip an interest payment on its dollar loan amid escalating tensions with its creditors, according to people with knowledge of the matter.
The company scheduled a call for lenders on Monday to discuss an amendment proposal, the people said, who asked not to be identified because the matter is private. Details of the proposal will be shared ahead of the call, they added.