📝 Indian edtech giant Byju’s has filed a complaint to challenge the acceleration of the $1.2bn term loan B and to disqualify Redwood, who it alleges has conducted predatory tactics.
💼 Byju’s has filed the complaint in the New York Supreme Court.
💰 The loan in question is worth $1.2bn.
🔍 Byju’s alleges that Redwood has conducted predatory tactics.
💸 Redwood has purchased a significant portfolio of the loan while primarily trading in distressed debt.