Stonebriar Commercial Finance announced the closing of 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, said, “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.”