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 US 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”.
About Stonebriar Commercial Finance: 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. To learn more about Stonebriar Commercial Finance go to www.stonebriarcf.com .
About Security Benefit Corporation: Security Benefit has more than $28 billion in total assets under management and partners with more than 30,000 licensed and appointed financial planners and representatives through a network of 700 broker/dealers and independent marketing organizations. In addition, Security Benefit Life Insurance Company (“SBL” and its New York affiliate, First Security Benefit Life Insurance and Annuity Company of New York (”FSBL”), provide fixed and variable annuities to approximately 230,000 policyholders. We are known nationwide and serve the financial needs of customers in all 50 states. To learn more about Security Benefit go to www.securitybenefit.com.
For more information contact:
Intermediaries/Capital Markets/Manufacturer: Jeff Wilkison, Senior Vice President Tel: 469-609-8505 Email: jeff.wilkison@stonebriarcf.com
Direct Customer (Lessee): Jeff Griffin, Director of Leasing Tel: 402-778-4892 Email: jeff.griffin@stonebriarcf.com