Lander & Rogers helps Team Global Express with $190m refinancing

The financing is intended to help strengthen the future of the transport and logistics sector in Australia

Lander & Rogers helps Team Global Express with $190m refinancing

Lander & Rogers has helped Team Global Express (TGE) on a $190m refinancing effort.

The refinancing involves a syndicated structured asset-backed lending facility coordinated by CBA. The bank headed up a group of lenders that included Daimler Truck Financial Services, IFM Investors, Income Asset Management, and the Clean Energy Finance Corporation (CEFC).

Through the refinancing, TGE can fund its fleet investment and facilitate operational sustainability by offering more environmentally friendly logistics solutions. According to Lander & Rogers, the move is also intended to “secure the future of Australia's transport and logistics sector”.

“We are pleased to have acted for Team Global Express on securing its lending facility, allowing our client to invest in the sustainability of its transportation fleet, in a market that is seeing an acceleration in demand for national deliveries”, lead partner Adam Jeffrey said.

Jeffrey received support from lawyers Mariam Dib and Jaco Moulder.

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