Byju’s to Raise $500 Million by TLB

Byju’s is in talks to raise $500 million in debt round through the TLB or Term Loan B from global investors as plans to launch an initial public offering (IPO), according to a source. TLB means a share of senior secured regulated credit facilities from global institutional investors. OYO was the first company to have raised this debt in India.

Generally, TLB proceeds are used either to capitalise on the existing debts by a company or to make foreign purchases to improve their offerings. “A TLB makes the balance sheet look better and is also seen as a preparation for entering the public market,” said an industry expert.

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