Lander & Rogers advises Team Global Express (TGE) on its $190 million refinancing by CBA led group of lenders

Modern heavy transportation vehicles.
  • The refinancing allows TGE to finance its fleet investment and to transform the business's ability to operate sustainably by providing more environmentally friendly logistics solutions.
  • Commonwealth Bank (CBA) coordinated a $190 million syndicated structured asset-backed lending facility for TGE, in a move to secure the future of Australia's transport and logistics sector.

CBA coordinated the refinancing transaction, alongside other lenders including Daimler Truck Financial Services, IFM Investors, Income Asset Management and the Clean Energy Finance Corporation (CEFC).

Partner Adam Jeffrey led the team advising TGE through this significant financing transaction, which will facilitate TGE's business transformation and allow the company to remain at the forefront of sustainable national logistics solutions. Adam commented: “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. We appreciate the opportunity to continue to support TGE as it invests in its growth and service offering, through a modernisation of its network."

The Lander & Rogers finance practice has seen recent growth through new appointments to the team and Adam noted that "the team were particularly proud of the transaction and the outcome for TGE".

Adam was supported by lawyers Mariam Dib and Jaco Moulder.