Stonebriar Commercial Finance announced the closing of an $11 million loan with a market leading media, technology and content management company engaged in providing hardware and software solutions to the casual and upscale dine-in restaurant industry. The loan proceeds will support ongoing product research and development with incremental liquidity to be used by the borrower for general corporate purposes.
The loan is secured by certain in-restaurant technology hardware, related software, and the assignment of contracted service payments from an owner and operator of diverse restaurant concepts across the U.S. and Canada.
John Cyphers, Stonebriar managing director, stated, “Our client’s products and services promote safe and enjoyable dining experiences for patrons, operational efficiencies and economic opportunities for the operator, and reliable and secure payment options for both.” Noah Starr, Stonebriar investment manager, added, “Through underwriting, we developed an appreciation for the client’s innovative technological solutions deployed within the restaurant industry, the quality of management and its long-term strategic vision, and the strength of the company’s customer relationships.”
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 grows diversified businesses with a focus on Insurance; Credit; Technology; Real Estate; Sports and Media; and Consumer. In particular, 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.
For more information contact:
Kyle Parks: (469) 609-8525 Kyle.Parks@StonebriarCF.com
John Cyphers: (410) 925-6445 John.Cyphers@StonebriarCF.com