Ola launches tender offer for $250 million of term loan at 90-par

By Sara Rosenberg

New York, Aug. 8 – Ola (ANI Technologies Pte. Ltd.) launched a Dutch auction tender for up to $250 million of its term loan in a price range of 90 to par, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

The tender offer expires at 10 a.m. ET on Thursday, the source added.

Funds for the tender offer will come from cash on hand.

Ola is an India-based ride-hailing company.

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