SoftBank-backed Indian hospitality major Oyo secures $660m debt funding

Ritesh Agarwal. Photographer: Samyukta Lakshmi/Bloomberg

Indian hospitality major Oyo Hotels & Homes (Oyo) on Friday announced that it has secured $660 million in debt financing from global institutional investors.

In a statement, Oyo said its term loan B (TLB) was oversubscribed by 1.7 times, with a total commitment of nearly $1 billion.

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