Carlyle provides $225 million financing to Kingbee for fleet expansion
CG•Carlyle agreed to provide Kingbee Vans with $225 million in asset-backed financing to expand its commercial vehicle fleet. The senior secured facility will fund cargo vans for rental to U.S. commercial fleet operators and is secured by hard assets and contracted rental cash flows.
1. Financing details
Carlyle agreed to provide Kingbee Vans with a $225 million senior secured financing facility through its Global Credit platform. The financing will fund new cargo vans for rental to U.S. commercial fleet operators and will be secured by hard assets and contracted rental cash flows.
