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Academy Bus gets $72.5 million credit facility via Gordon Brothers
By Marisa Wong
Los Angeles, Sept. 21 – Academy Bus LLC obtained a $72.5 million credit facility from Gordon Brothers to support the bus company’s growing business, according to a press release.
The facility will support the company’s debt refinancing and continued growth to meet increased transit, charter and commuter demand as transportation service returns to pre-pandemic levels.
Academy Bus was advised by B. Riley Securities Inc. and represented by Okin Hollander LLC.
The bus company is based in Hoboken, N.J.
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