Ritchies Transport gears debt facility to $390m on AT deal
One of the country’s largest public transport bus contractors paid $32.8 million in April to buy out rival Pavlovich Coachlines.
Offshore-owned Ritchies landed a nine-year contract with AT worth more than $1b.
Ritchies Transport has ramped up its syndicated banking facility to $390 million as it gears up to service a bigger slice of the Auckland public transport market.
The company said it had entered into the new five-year lending facility with its banking syndicate on April 3, up from last year's
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