Stonebriar Closes $35MM Equipment Lease for Oil & Gas Company

Stonebriar Commercial Finance closed a $35 million equipment sale and leaseback with a private equity-owned oil and gas midstream company that provides gathering and processing services to exploration and production customers.

The leased assets consist of newer natural gas compressors.

Reagan Rorschach, Stonebriar managing director, stated, “This opportunity has all of the strong fundamentals we value in a transaction – substantial and committed sponsorship, industry experienced and proven management, essential use and income producing midstream assets operating in a cycle resistant basin, and a captive customer base that relies on the subject facilities to monetize production. We knew immediately that a viable investment opportunity existed with this quality management team and these strategically located facilities. Harrison Smith, SCF investment manager, worked collaboratively with the client through underwriting and documentation, ultimately closing the lease within the desired budget and timeline.”

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