Byju’s is requesting more relaxed terms for a $1.2 billion loan

In an effort to restructure its $1.2 billion loan, Byju’s has hired an advisor to meet with creditors and explore changes to the term loan B’s covenants. The nation’s most valuable startup is struggling with steep losses.

There has been no decision made yet about more forgiving terms, such as reduced coupons and longer repayment periods.