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The private equity-backed logistics company has refinanced debt with Commonwealth Bank, the Clean Energy Finance Corporation and IFM Investors.
www.afr.com
Team Global Express, a logistics group owned by Allegro Funds, has refinanced **$190 million** in debt with Commonwealth Bank, the Clean Energy Finance Corporation, and other institutional investors.
The company plans to use this asset-backed debt to purchase lower-emission, electric-powered vehicles such as trucks and courier vans.
Commonwealth Bank led the financing alongside IFM Investors, Daimler’s Truck Financial Services unit, Income Asset Management, and CEFC.
This refinancing was mentioned in the Street Talk column last month.