Lenders ask Byju's to liquidate US assets to part-repay $1.2-bn loan

The company is seeking a restructuring of the loan, but it faced steep losses. Around this time, some activist investors bought some of the bonds

A group of creditors of Byju’s has told the edtech giant to liquidate its assets in the USA worth about $500-800 million to repay a part of a $1.2-billion loan if the firm is not able to provide the money from its cash reserves, according to sources in the know.

The lenders recently bought into the loan and are renegotiating the terms of the debt. If Byju’s cannot repay or is unable to liquidate the US assets, the creditors could take legal action, said people familiar with the matter.

The lenders have hired Houlihan Lokey, a global investment bank that focuses on