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Stonebriar Provides $44MM Lease Line for Leading Food Manufacturer

April 20, 2016, 07:07 AM

Stonebriar Commercial Finance announced it has provided a $44 million lease commitment for the purchase of new food production, bottling and packaging equipment. The lease line will provide critical capital to this $1. 2 Billion revenue company which is a market leading food manufacturer. The proceeds will allow the Lessee to substantially expand its capacity for existing and new product lines.

Steve White, EVP of Stonebriar stated "We worked closely with the CEO and CFO of the Lessee to structure a lease that allows for a six month acceleration of its capital expansion plan". This acceleration is anticipated to grow revenue and earnings at a much faster pace."

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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