Stonebriar Commercial Finance announced the closing of a $30 million equipment lease facility with a private equity owned global market leader in the airport ground services and cargo handling industry. The leased assets consist of new loaders, mobile power generation, specialty trucks, and aircraft access equipment.
John Cyphers, Stonebriar Managing Director, stated, “We worked collaboratively with the client to structure fully underwritten and flexible lease terms that addressed the lessee’s tax, accounting, economic and tenor objectives. We take great comfort in the company’s diversified and world class operational profile and the essential role these assets will play in the transport of millions of passengers and tons of cargo for years to come.” John added, “Fundamentally our underwriting focused on quality people, strategic assets in critical service, and the lessee’s long-standing reputation for safety and technical expertise. We’re excited to have provided this capital and look forward to expanding this valued client relationship.”
Stonebriar Commercial Finance, founded in 2015 and based in Plano, TX, is a leading provider of large ticket finance and lease solutions for businesses in a wide variety of industries, of various sizes and credit profiles. Stonebriar finances and leases assets located primarily in North America and select other jurisdictions worldwide through four distinct platforms: General Equipment, Aviation Capital, Rail Leasing, and Real Estate, a provider of SBA-supported solutions.
For more information contact:
Kyle Parks: (469) 609-8525 Kyle.Parks@StonebriarCF.com
John Cyphers: (410) 925-6445 John.Cyphers@StonebriarCF.com