Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of a $75 million sale and leaseback of beverage production and packaging equipment for a market-leading co-manufacturer of high-growth beverages in the U.S. The lease proceeds will be used to support the lessee’s strategic investments in its various facilities and for general corporate purposes.
Michael Gay, Stonebriar’s Sr. Managing Director, stated, “We are proud to support one of the industry’s leading beverage manufacturers and its sponsors. Stonebriar remains committed to working closely with the private equity community and its portfolio companies to provide secured term capital solutions that create and protect liquidity.”
Stewart Jones, Director at Stonebriar, added, “We are confident in this management team’s ability to support the company’s growth plans and to sustain the long-term prosperity of the facility in which our essential leased assets reside.”
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 four distinct platforms—General Equipment, Aviation Capital, Rail Leasing and Real Estate. 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 across the United States and in London. To learn more about Eldridge, please visit www.Eldridge.com.
For more information contact:
Michael Gay: (415) 518-1312 Michael.Gay@StonebriarCF.com