Stonebriar Commercial Finance announced the closing of an additional $30 million lease with one of its long-standing customers, the third transaction provided for this customer since 2016. The lease proceeds were used to acquire new equipment to expand production capabilities.

Steve White, Executive Vice President, and Senior Managing Director – Capital Markets, said, “Strong, reliable capital and efficient processes have enabled us to develop and maintain relationships with companies and solid management teams who rely on Stonebriar to support their ongoing capital needs. We were glad to support this customer’s continued success with this third transaction.”

Harrison Smith, Managing Director, said, “What a privilege it has been to underwrite and close three separate transactions with a company of this caliber. It has been a pleasure to support their growth and evolution over the years.”

Stonebriar, an Eldridge business based in Plano, TX, is a provider of financing solutions for businesses in a wide variety of industries, of various sizes and credit profiles. Stonebriar leases and finances assets located primarily in North America and select other jurisdictions worldwide currently through five distinct platforms—General Equipment, Aviation Capital, Rail Leasing, Real Estate and Sponsor Finance.