FOR IMMEDIATE RELEASE
Asset Rental Group (Holdings) Limited, trading as ARG Heavy and Commercial Vehicles (ARG), is pleased to announce the establishment of a new $44 million funding facility with Longreach Credit Investors (LCI), a specialised private debt firm.
ARG specialises in providing Rent to Buy solutions to businesses in need of commercial vehicles though facing challenges in accessing traditional financing. This significant financing arrangement underscores ARG’s commitment to enabling businesses by providing alternative solutions to traditional commercial asset financing.
LCI’s expertise in lending to Australian businesses makes them an ideal partner for ARG. This partnership marks a renewal of the relationship between the two companies, with LCI previously kickstarting ARG’s operations with a $6 million facility in 2019.
Damian Mullins, CEO of ARG, said “Having Longreach back on board as our funding partner will underpin continued growth of our Rent to Buy operations.”
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For media inquiries, please contact:
Branka Injac Misic
Head of Marketing & Communications at Asset Rental Group (Holdings) Limited, trading as ARG Heavy and Commercial Vehicles
branka@arg.ltd | www.arg.ltd
ARG offers a leading alternative to traditional commercial asset financing for businesses facing credit challenges. With a streamlined application process and a commitment to simplicity, ARG empowers clients by eliminating unnecessary paperwork and traditional credit hurdles.
Longreach Credit Investors is an Australian private debt investment management firm specialising in providing customised debt solutions to high-quality Australian and New Zealand lower middle-market businesses. LCI’s investment team has significant experience in Australian direct lending, distressed credit, and special situations across industries and multiple economic cycles, having advanced more than $1 billion in loans since 2018.
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