On February 23, 2018 Kroll Bond Rating Agency announced that it had upgraded each class of notes on the SCF Equipment Trust 2017-1 LLC Equipment Contract Back Notes, Series 2017-1.
The upgrades were the following:
Class A Notes A+ AA-
Class B Notes BBB BBB+
Class C Notes BB BBB-
Class D Notes B- B
Stonebriar, an Eldridge Industries portfolio company based in Plano, TX, is a leading provider of financing solutions for businesses in a wide variety of industries, of various sizes and credit profiles. Stonebriar leases and finances assets located primarily in North America and select other jurisdictions worldwide currently through four distinct platforms—General Equipment, Aviation Capital, Rail Leasing, and NonBank Lender, a provider of SBA-supported solutions. Stonebriar’s portfolio also includes Essential Properties Realty Trust, a single tenant real estate firm currently with 508 properties leased to more than 117 tenants throughout the U.S. To learn more about Stonebriar Commercial Finance go to www.StonebriarCF.com.
Eldridge Industries (“Eldridge”) is a private investment firm that provides debt and equity capital to support growing companies. Eldridge invests across diversified industries with a focus on media and sports, insurance, real estate development, asset lending and financing, branded food and hospitality, and asset management businesses. In particular, the firm seeks to build and grow companies led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. www.eldridge.com