Stonebriar Commercial Finance announced the closing of a $100 million construction financing and long-term lease on new passenger rail cars. This transaction supports the lessee’s further expansion to service its growing customer base.
 
Steve White, Stonebriar’s co-founder and Senior Managing Director of Capital Markets, said, "We were pleased to partner with an established company who will provide energy efficient, low-cost transportation to millions of future customers. Their sponsor was immensely supportive of this financing which served to further bolster liquidity in order to transition the company to a market leader.  I am very proud to be supported by such an experienced Stonebriar team that closed a very complex transaction, from award to funding, in 16 business days.”
 
Todd Thompson, Director – Underwriting, said, “Being able to perform on a deal of this magnitude and complexity in a short time frame shows the complete alignment and capability of the Stonebriar team. The customer was very helpful in the process, and we are truly grateful for the opportunity to partner with them in positioning their company to provide best-in-class service to their end-customers for a long time to come.”