Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of a $100 million construction financing and long-term lease on new passenger rail cars. This transaction supports the Lessee’s further expansion to service its growing customer base.
Steve White, Stonebriar’s Co-Founder and Sr. Managing Director of Capital Markets, stated, “We were pleased to partner with an established company who will provide energy efficient, low-cost transportation to millions of future customers. Their sponsor was immensely supportive of this financing which served to further bolster liquidity in order to transition the company to a market leader. I am very proud to be supported by such an experienced Stonebriar team that closed a very complex transaction, from award to funding, in sixteen business days.”
Todd Thompson, Director – Underwriting, added, “Being able to perform on a deal of this magnitude and complexity in a short time frame shows the complete alignment and capability of the Stonebriar team. The customer was very helpful in the process, and we are truly grateful for the opportunity to partner with them in positioning their company to provide best-in-class service to their end-customers for a long time to come.”
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
