Jun 23, 2026 – 1.13pmKKR-backed Zenobe, a business that helps buses and trucks used by the likes of Kelsian and Woolworths make the switch from diesel to electricity, has raised $400 million in fresh debt to expand its fleet in Australia and New Zealand.The new syndicate comprises MUFG Bank, Credit Agricole, Siemens Banks, Sumitomo Mitsui Banking Corporation and Societe Generale. The deal was overseen by advisory firm Planum Partners and law firms Herbert Smith Freehills Kramer and Bell Gully.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?