Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of a $77 million TRAC lease with a premier long-haul waste transportation provider serving a broad range of commercial waste management companies. The lease refinanced their entire fleet of tractors, trailers, and other related equipment.
Steve White, Executive Vice President, and Senior Managing Director – Capital Markets, stated, “This transaction illustrates Stonebriar’s ability to not only identify creative structuring solutions, but also deploy capital in time-sensitive situations. Stonebriar is thrilled to add such a well-established company to our diverse portfolio of customers.”
Mark Gibson, Managing Director – Capital Markets, added, “As we were asked to structure, underwrite, document, and close this complex transaction within 30 days, I am very proud of our entire team for developing a unique solution and seamlessly executing in such a timely fashion.”
For more information contact:
Steve White: (410) 292-9323 Steve.White@StonebriarCF.com
Mark Gibson: (469) 609-8504 Mark.Gibson@StonebriarCF.com
About Stonebriar Commercial Finance: Stonebriar, an Eldridge business 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 5 distinct platforms—General Equipment, Aviation Capital, Rail Leasing, Real Estate and Sponsor Finance. To learn more about Stonebriar Commercial Finance please visit www.StonebriarCF.com.
About Eldridge: Eldridge invests in businesses across the Insurance, Asset Management, Technology, Mobility, Sports & Gaming, Media & Music, Real Estate, and Consumer landscapes. The firm seeks to build and grow businesses 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, please visit www.eldridge.com.