Puxin gets $26 million loan agreement via American Hebrew Academy

By Sarah Lizee

Olympia, Wash., Sept. 19 – Puxin Ltd. entered into a $26 million loan agreement with American Hebrew Academy, Inc., according to a press release.

The financing will fund operations of an international college prep boarding school in North Carolina.

The loan bears an interest rate of 18% per annum and becomes due on Sept. 6, 2020.

The loan is secured by American Hebrew Academy’s interest in real property located in North Carolina.

Puxin is a consolidator of the after-school education industry in China. It is based in Beijing.

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