China Education Group borrows $189.5 million term loan facility

Chicago, Sept. 7 – China Education Group Holdings Ltd. entered into a $189.5 million term loan facility on Monday, according to a press release.

The seven-year loan lists Admiral One International Ltd. as borrower.

Proceeds will be used for the expansion of the group’s school network.

China Education operates private universities and vocational schools and is based in Hong Kong.

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