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OYO secures $660m loan after “strong” investor interest
Reading Time: 2 minutesIndia: Softbank-backed hospitality chain OYO has secured a $660 million loan from global institutional investors, claiming that the offer was oversubscribed by 1.7 times. The deal came in the form of a Term Loan B [TLB], or institutional term loan, including nominal repayment over five to eight years, and was arranged predominantly by JP Morgan, Deutsche Bank, and Mizuho […]