Stonebriar Commercial Finance closed a $77 million TRAC lease with a premier long-haul waste transportation provider serving a broad range of commercial waste management companies. The lease refinanced the company’s entire fleet of tractors, trailers and other related equipment.
“This transaction illustrates Stonebriar’s ability to not only identify creative structuring solutions, but also deploy capital in time-sensitive situations,” Steve White, executive vice president, and senior managing director, Capital Markets, said. “Stonebriar is thrilled to add such a well-established company to our diverse portfolio of customers.”
“As we were asked to structure, underwrite, document, and close this complex transaction within 30 days, I am very proud of our entire team for developing a unique solution and seamlessly executing in such a timely fashion,” Mark Gibson, managing director, Capital Markets, said.
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