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Stonebriar Provides $46MM Financing For Mid-Stream Energy Company

February 01, 2016, 07:14 AM

Stonebriar Commercial Finance (SCF) provided $46.5 million loan financing for various transportation assets to accomplish a time sensitive year-end client objective.  The Borrower is a multi-billion dollar, near investment grade, mid-stream energy company which had a goal of completing a significant financing prior to year-end. The collateral consisted of long-lived marine and rail assets integral to the company's operations.

Mark Gibson, VP, Capital Markets at Stonebriar stated, "We learned of the Borrower's need and desire to close the transaction prior to year-end in early December. Through a coordinated effort between SCF and the customer, we were able to meet the client's needs and close a complex transaction in a short period of time without compromising our underwriting and documentation standards. The Borrower was extremely satisfied with the results and our credit staff did an excellent job in a short period of time."

Stonebriar is a privately held commercial finance company established in 2015 and based in Plano, TX. With financial backing from Security Benefit Corporation, Stonebriar is building a world class, multi-billion dollar platform of commercial loans and leases. Since its inception in April 2015, Stonebriar has funded and committed to in excess of $550 million in financing. Stonebriar specializes in transactions for businesses in a wide variety of industries (aviation, rail, marine, transportation, manufacturing, energy and corporate real estate) throughout the entire credit spectrum located in the United States, Canada and select other foreign jurisdictions.







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