Stonebriar Commercial Finance Provides $35MM Lease to Propane Transportation Company
Stonebriar Commercial Finance provided a lease line of credit for $35 million to finance chassis and tanks for a major propane transportation company.
Steve White, EVP of Stonebriar, said, “The Stonebriar team moved quickly to understand the lessee’s situation and was able to meet the timeline for funding its capital expenditure needs.”
Stonebriar specializes in transactions for businesses in a variety of industries — including aviation capital, rail leasing, essential properties, nonbank lender, marine, transportation, manufacturing and energy — throughout the entire credit spectrum.
About Stonebriar Commercial Finance: Stonebriar, an Eldridge Industries portfolio company based in Plano, TX, is a leading 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 4 distinct platforms—General Equipment, Aviation Capital, Rail Leasing, and NonBank Lender, a provider of SBA-supported solutions. Stonebriar’s portfolio also includes Essential Properties Realty Trust, a single tenant real estate firm currently with 450 properties leased to more than 110 tenants throughout the U.S.
About Eldridge Industries: Eldridge Industries is a private investment firm specializing in providing both debt and equity capital. Eldridge invests across diversified industries with a focus on media and sports, insurance, real estate development, asset lending and financing, branded food and hospitality, and asset management businesses. In particular, the firm seeks to build and grow companies led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. To learn more about Eldridge Industries go to www.Eldridge.com.
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