What is Term Loan B?
Jul 28, 03:07

Hospitality firm OYO recently became the first internet company in India to borrow through TLB or Term Loan B route. It will use the funds to retire previous debt among other things. In TLB, borrowers aren't required to service the principal upfront. They can pay a large amount at the end of the loan period, unlike a regular loan where they pay part of interest plus principal throughout the tenure. By deferring repayment of a huge part of the loan, borrowers gain the flexibility to spend money and invest in growing their business.

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