Stonebriar Commercial Finance Closes a $20 million Turn-Key Facility Lease

January 8,2018

Stonebriar Commercial Finance announced the closing of a $20 million sale and leaseback with a private equity sponsored global leader in specialty chemical manufacturing. The subject asset is a turn-key chemical production plant including all real and personal property comprising the facility. This lease represents Stonebriar’s second closed transaction with the lessee in 2017. The proceeds of the transaction were used for the lessee’s general corporate purposes.

Kyle Parks, Stonebriar’s Head of Direct Originations, stated, “We are thrilled to deepen and broaden this strategic client relationship. This closing, much like the first, is representative of our ability to structure and fund large-ticket turn-key loan and lease transactions involving uniquely positioned, long-lived and essential use facilities.” Kyle added, “The Stonebriar team, led by John Cyphers and Jason Farr, is actively pursuing incremental opportunities with the lessee, and the broader market, to leverage our proven turn-key facility underwriting approach and experience.”

Stonebriar, an Eldridge Industries portfolio company based in Plano, TX, is a leading provider of financing solutions for businesses in a wide variety of industries, of various sizes and credit profiles. Stonebriar leases and finances assets located primarily in North America and select other jurisdictions worldwide currently through four distinct platforms—General Equipment, Aviation Capital, Rail Leasing, and NonBank Lender, a provider of SBA-supported solutions. Stonebriar’s portfolio also includes Essential Properties Realty Trust, a single tenant real estate firm currently with 508 properties leased to more than 117 tenants throughout the U.S.

Eldridge Industries is a private investment firm specializing in providing both debt and equity capital. Eldridge invests across diversified industries with a focus on media and sports, insurance, real estate development, asset lending and financing, branded food and hospitality, and asset management businesses. In particular, the firm seeks to build and grow companies led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. To learn more about Eldridge Industries go to www.Eldridge.com.