Stonebriar Closes CAD$130MM Term Loan
July 02 2024 - 8:30AM
Business Wire
Stonebriar Commercial Finance (“Stonebriar”) today announced the
closing of a seven-year CAD$130 million term loan for a leading
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 million.
Ryan Bohlert, the origination lead and Managing Director at
Stonebriar, stated, “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. 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.”
Nicholas Sandler, Stonebriar’s President, added, “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. We are confident in
the Sponsor’s ability to grow the existing business and continue
serving its long-standing customer base.”
About Stonebriar: Stonebriar, an Eldridge Industries
business, originates and services a portfolio of lease and loan
products secured by essential income-producing assets across the
credit spectrum. Based in Plano, TX, Stonebriar’s portfolio serves
as a catalyst for the U.S. economy by providing capital needed in
key sectors including manufacturing, marine, aviation, rail, energy
and real estate. To learn more about Stonebriar, please visit
www.StonebriarCF.com or contact Ryan.Bohlert@StonebriarCF.com.
About Eldridge Industries: Eldridge Industries invests in
businesses across the Insurance, Asset Management, Technology,
Mobility, Sports & Gaming, Media, Real Estate and Consumer
landscapes. The firm seeks to build and grow businesses led by
proven management teams that have demonstrated leadership and
experience to scale an enterprise. Eldridge Industries is
headquartered in Greenwich, Connecticut, with additional offices in
Beverly Hills, New York and London. To learn more about Eldridge
Industries, please visit www.Eldridge.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240701770390/en/
Ryan Bohlert, Managing Director, Stonebriar Commercial Finance,
631-355-2492