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Stonebriar Commercial Finance Announces Closing of $22 Million Sale and Leaseback

Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of a $22 million sale and leaseback on a new manufacturing plant and associated equipment that has the capacity to produce 100-million pounds of protective coating for automotive OEM and aftermarket space. This transaction provided the Lessee the ability to consolidate its supply chain, driving significant savings every year, while also building out the production capacity that establishes them as the market leader.

Steve White, Stonebriar’s Executive Vice President and Sr. Managing Director of Capital Markets, stated, “We were pleased to partner with an established entity that serves a vital role in supplying the automotive industry with products essential to the manufacture of the vehicles. Their sponsor was immensely supportive of this financing which served to bolster liquidity in order to transition the company to a stronger supply chain environment.”

Ron Linn, Stonebriar’s Senior Investment Manager, said, “Given the customer’s strong history of performance in the OEM and aftermarket space, it gave us great confidence to help fund their growth plans going into the future.”

About Stonebriar Commercial Finance:  Stonebriar, an Eldridge business, originates and services a portfolio of lease and loan products secured by essential income-producing assets across the credit spectrum.  Based in Plano, TX, Stonebriar’s portfolio serves as a catalyst for the U.S. economy by providing capital needed in key sectors including manufacturing, marine, aviation, rail, energy, 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

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Stonebriar Commercial Finance
https://stonebriarcf.com