Stonebriar Closes $30MM Lease Facility for Cloud Computing Service Provider

Stonebriar Commercial Finance closed a $30 million equipment lease facility with a private equity owned global provider of cloud computing services. The company securely transfers clients’ information technology workloads out of their data centers and onto the cloud. Through data centers on five continents, and via software-as-a-solution, the company serves thousands of businesses and governmental agencies around the world.

The lease facility was structured to support the acquisition, installation and configuration of new servers, network infrastructure and storage devices located in multiple data centers across the U.S. The assets are integral to the company’s managed hosting and private cloud services platforms.

“For decades, our client has provided flexible and cost-efficient cloud-based and SaaS alternatives to its clients,” Mark Gibson, vice president – Capital Markets for Stonebriar, said. “Consistent with the company’s strategy to remain at the forefront of technological advancements, we are proud to support its ongoing investment in leading edge hardware and software.”

“This transaction demonstrates Stonebriar’s ability to provide creative financing solutions to private equity owned businesses,” Harrison Smith, investment manager for Stonebriar, said. “We have great confidence in the company’s management team, its growth strategy and the essentiality of these assets to support its market leading position.”

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