Stonebriar Closes $70MM Sale-Leaseback with Hydrocarbon/Fuel Products Producer

Stonebriar Commercial Finance closed a $70 million sale and leaseback with an independent producer of specialty hydrocarbon and fuel products. Consistent with the company’s strategic deleveraging efforts, the lease proceeds supported the retirement of other lessee indebtedness. The transaction closed in fewer than 50 days. The leased assets consist of certain fuels terminal, transmission and distribution equipment.

“For over a century, our client has executed on a strategy that has created and protected unique, competitive advantages,” Alex Palazzolo, managing director at Stonebriar Commercial Finance, said. “Along the way and by the sophistication of its various facilities, it has cultivated highly regarded brands and a reputation for reliably producing and delivering high quality products and services to its end markets. We are thrilled to assist in the continuation of that legacy.”

“Our sale-leaseback structure unlocked hidden value in our client’s fuels terminal asset, providing optionality to manage its near-term debt maturities,” Harrison Smith, vice president at Stonebriar Commercial Finance, said. “We have immense faith in the management team’s vision for the business and in the essentiality of the leased assets.”

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