Dave B. Fate Related Content

Equipment Finance Industry Confidence Steady in December

The Equipment Leasing & Finance Foundation released the December 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), finding that, overall, confidence in the equipment finance market is 42.5, steady with the November index of 42.8. read more

Stonebriar’s Long-Term Ratings Get Upgrade from DBRS Morningstar

DBRS Morningstar upgraded Stonebriar Finance Holdings’ and its related entities’ long-term issuer and senior debt ratings from BBB (low) to BBB supported, in part, due to Stonebriar’s resilient earnings capacity and strong credit and asset performance since inception. read more

A Potent Combination: Fate Reflects on Decades of Success

Dave Fate, CEO and co-founder of Stonebriar Commercial Finance, is a household name in the equipment finance world. Fate details his formative years and the people who gave him a chance as well as a few ways he’s paid it forward to the next generation.... read more

Stonebriar Commercial Finance Increased New Business Volume by 53% in 2022

Stonebriar Commercial Finance originated $2.3 billion in new business volume in 2022, a 53% increase over 2021, while increasing ending receivables and serviced assets to more than $5.6 billion. The boost in volume resulted in a 54% rise in operating income and a 57% increase in ending receivables. read more

Stonebriar Commercial Finance Issues $227MM of Fixed-Rate Reset Cumulative Preferred Shares

Stonebriar Commercial Finance issued and sold $227 million of Series A 7.5% fixed-rate reset cumulative preferred shares in a private offering. read more

Stonebriar Extends $1B Revolving Credit Warehouse Facility, Adds MUFG as Lender

Stonebriar Commercial Finance extended its $1 billion revolving warehouse credit facility agented by Bank of America to 2025. Mitsubishi UFJ Financial Group (MUFG) joined the facility as a new participating lender. read more

Stonebriar Secures $200MM Senior Unsecured Revolving Credit Facility from RBC Capital Markets

Stonebriar Commercial Finance closed a new $200 million, three-year committed unsecured revolving credit facility. RBC Capital Markets is the administrative agent, joint lead arranger and joint bookrunning manager for the facility. read more

Stonebriar Commercial Finance Names Sandler President

Stonebriar Commercial Finance appointed Nicholas M. Sandler president, effective immediately. Sandler will continue to report to Dave B. Fate, CEO of Stonebriar Commercial Finance. read more

Stonebriar Commercial Finance Celebrates 6-Year Anniversary

Stonebriar Commercial Finance is celebrating its sixth anniversary this week after closing another company record year, with new funded volume of $1.43 billion in structured leases and loans and a 36% year-over-year increase in operating income. Stonebriar also completed its sixth consecutive year with zero credit losses. read more

Stonebriar Commercial Finance Closes Eighth Asset-Backed Securitization

Stonebriar Commercial Finance closed its eighth asset-backed securitization, SCFET 2021-1. The ABS issuance is secured by a portfolio of commercial equipment loans and leases with an aggregate discounted contract balance of more than $1 billion. read more

Stonebriar Adds Bennett as Credit Analyst and Holliman as Director of Originations

Stonebriar Commercial Finance added Cole Bennett as credit analyst and Kyle Holliman as director of originations. read more

Stonebriar Commercial Finance Promotes Carrington, Bookhout, Dahlfors and Starr

Stonebriar Commercial Finance promoted Brady Carrington to controller, Christy Bookhout to senior accountant and Jon Dahlfors and Noah Starr to investment manager roles. read more

Goldman Sachs to Honor Stonebriar’s Fate as One of the Most Intriguing Entrepreneurs of 2020

Goldman Sachs will recognize Dave B. Fate, president and CEO of Stonebriar Commercial Finance, as one of the 100 Most Intriguing Entrepreneurs of 2020 at its Builders + Innovators Summit. read more

Stonebriar Commercial Finance Promotes Bell and Fate

Stonebriar Commercial Finance promoted Travis Bell to managing director of originations and Grant Fate to assistant vice president of capital markets. Bell will expand his focus to include Stonebriar’s general equipment platform, while Fate will have responsibilities for indirect originations and syndications. read more

Stonebriar Commercial Finance Completes $90MM Private Placement of Senior Unsecured Notes

Stonebriar Commercial Finance, an independent large-ticket commercial finance company, privately placed $90 million of senior unsecured notes maturing in 2025 and 2027. The notes mark Stonebriar’s second such issuance since 2019. read more

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