Stonebriar Commercial Finance closed on $100 million in construction financing and a long-term lease on new passenger rail cars to support a lessee’s further expansion to service its customer base.
“We were pleased to partner with an established company who will provide energy efficient, low-cost transportation to millions of future customers,” Steve White, co-founder and senior managing director of capital markets at Stonebriar, said. “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 16 business days.”
“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,” Todd Thompson, director of underwriting at Stonebriar, said. “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.”
Editor’s Note: The original version of this article incorrectly stated that Eldridge was the lessee in this transaction and Thompson’s direct employer. Monitor apologizes for the error.
