Stonebriar Commercial Finance Closes Term Loan for Environmental Services Company

Stonebriar Commercial Finance closed a seven-year CAD$130 (USD$95.3) million term loan for a provider of specialty industrial and environmental services to oil and gas, chemical and manufacturing end markets. The loan, part of a leveraged buyout, is secured by all fixed assets of the company. This is the second transaction closed with the company’s sponsor in the last 12 months, totaling CAD$186 (USD$136.3) million.

“This transaction not only highlights Stonebriar’s belief in the sponsor and the business management team, but also is another validation of our ability to fully underwrite transactions up to $500 million,” Ryan Bohlert, the origination lead and managing director at Stonebriar, said. “Stonebriar remains committed to working closely with the sponsor community and their portfolio companies to provide secured term capital solutions that create liquidity and provide flexibility.”

“This transaction is another example of Stonebriar’s ability to be nimble and provide meaningful capital to businesses with essential-use assets and defensible market leading positions,” Nicholas Sandler, president of Stonebriar, said. “We are confident in the sponsor’s ability to grow the existing business and continue serving its long-standing customer base.”

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.