Plano, TX – July 26, 2023 – Stonebriar Finance Holdings LLC (“Stonebriar”) announced today that DBRS Morningstar (“DBRS”) has upgraded Stonebriar’s and its related entities’ Long-Term Issuer and Senior Debt ratings from ‘BBB’ (low) to ‘BBB’ supported, in part, by Stonebriar’s resilient earnings capacity, and strong credit and asset performance since inception. DBRS’ ratings action also considered Stonebriar’s growing franchise, highly seasoned management team, diversifying funding profile, and entrenched customer base. The trend on all ratings is now stable.
Dave B. Fate, Stonebriar CEO, said: “Stonebriar has maintained its strong earnings, credit, and asset performance in the face of significant market turmoil and unprecedented interest rate increases over the past year. This upgrade by DBRS is a testament to the dedication of our team and strategic partners who are committed to creating value for our customers and stakeholders every day.”
For more information, refer to the DBRS Morningstar press release here.
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
