Stonebriar Closes $23MM Equipment Lease for Chemical Manufacturer
OCT 10, 2017 - 7:32 am
Stonebriar Commercial Finance closed a $23 million single investor equipment lease with a global specialty chemical manufacturer. The subject asset is a chemical production plant comprised of inter-working reactors, heat exchangers, filters, processing columns, blowers, pumps, piping, instrumentation and controls. The proceeds of the transaction were used for the lessee’s general corporate purposes.
Kyle Parks, Stonebriar’s head of Direct Originations, said, “The Stonebriar team, led by John Cyphers and Jason Farr, worked creatively and collaboratively with the client to craft a structure that met the desired objectives. This transaction highlights our unique ability to deliver timely capital solutions to complex structured leasing requests.”
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