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Stonebriar’s Rail Group Completes $6MM Purchase of Covered Hoppers

April 15, 2016, 07:30 AM
Filed Under: Rail Transportation

Stonebriar Commercial Finance's Rail Leasing group announced it has completed a $6 million purchase of 5,161 c.f. Covered Hoppers on lease to a U.S.- based global agribusiness. The purchase represents the continued growth of the rail leasing platform.

Jeff Wilkison, SVP Rail Leasing stated: "We continue to pursue opportunities in this platform that will grow the business in a prudent and successful manner with car types that will perform over the long term."

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. Stonebriar specializes in transactions for businesses in a wide variety of industries (Business Aviation, Rail Leasing, Realty Capital, marine, transportation, manufacturing, energy, etc.) throughout the entire credit spectrum located in the United States, Canada and select other foreign jurisdictions.

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