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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240701770390/en/
Contacts
Ryan Bohlert, Managing Director, Stonebriar Commercial Finance, 631-355-2492
