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Stonebriar Commercial Finance Funds $77MM Purchase and TRAC Leaseback

July 14, 2022, 06:00 AM
Filed Under: Equipment Finance News

Stonebriar Commercial Finance (“Stonebriar”) 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 their entire fleet of tractors, trailers, and other related equipment.

Steve White, Executive Vice President, and Senior Managing Director – Capital Markets, stated, “This transaction illustrates Stonebriar’s ability to not only identify creative structuring solutions, but also deploy capital in time-sensitive situations. Stonebriar is thrilled to add such a well-established company to our diverse portfolio of customers.”

Mark Gibson, Managing Director – Capital Markets, added, “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.”

For more equipment finance industry news, visit Equipment Finance Advisor.

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