FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Stonebriar Commercial Finance Closes $30MM Lease Facility

June 04, 2020, 07:30 AM

Stonebriar Commercial Finance announced the closing of a $30 million equipment lease facility with a private equity-owned global provider of cloud computing services. The company securely transfers clients’ information technology workloads out of their data centers and onto the cloud. Through data centers on five continents, and via software-as-a-solution, the company serves thousands of businesses and governmental agencies around the world.
The lease facility was structured to support the acquisition, installation, and configuration of new servers, network infrastructure and storage devices located in multiple data centers across the U.S. The assets are integral to the company’s market-leading managed hosting and private cloud services platforms.
“For decades, our client has provided flexible and cost-efficient cloud-based and SaaS alternatives to its clients,” said Mark Gibson, Stonebriar Vice President – Capital Markets. “Consistent with the company’s strategy to remain at the forefront of technological advancements, we are proud to support its ongoing investment in leading edge hardware and software.”

Harrison Smith, Stonebriar Investment Manager, added, “This transaction demonstrates Stonebriar’s ability to provide creative financing solutions to private equity-owned businesses. We have great confidence in the company’s management team, its growth strategy and the essentiality of these assets to support its market-leading position.”
Stonebriar, an Eldridge Industries’ 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.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.