Oyo Hotels, one of India’s most valuable startups, is offering unusually generous terms to investors as it seeks to raise $600mn in debt, following a fresh surge of coronavirus cases in its home country that decimated travel and undercut its recovery plans. Oravel Stays Pvt, as the parent company is officially known, is discussing with banks and investors a five-year term loan B at 850 basis points over Libor, higher than the usual guidance given for recently issued term loan Bs in the Asia-Pacific market, according to Bloomberg-compiled data. The interest rate is similar to the 875 basis points over the BBSY benchmark paid by Mission Group BidCo Pty Ltd on a seven-year term loan B signed i
Hence then, the article about india s oyo offers generous terms for 600mn debt was published today ( ) and is available onGulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( India’s Oyo offers generous terms for $600mn debt )