Equipment Leasing and Finance Association - Equiping Business for Success

Stonebriar Extends Its $1 Billion Revolving Credit Facility

Posted 08/13/2019

Stonebriar Commercial Finance (Stonebriar), a leading independent large-ticket commercial finance company, announced today that it has extended and amended certain terms of its existing $1.0 billion revolving credit facility (Facility).   

Bank of America, N.A. serves as agent on the Facility.    Stonebriar also added Citizens Bank N.A. and Fifth Third Bank to its lender group.  Both Credit Suisse AG, New York Branch, and Security Benefit Life also remain key lenders to Stonebriar, as they have since the Facility originally closed in June 2018.

The Facility provides funding for Stonebriar’s portfolio of commercial equipment loans and leases across a variety of asset classes including rail, aviation, marine transportation, energy, real estate, and manufacturing. With this extension, the Facility now provides Stonebriar committed bank funding capacity through July 2023.

Dave B. Fate, President and CEO of Stonebriar, stated "Bank of America continues to demonstrate leadership as a valued, strategic funding partner to Stonebriar.   The Facility remains a valued source of funding for our company.  In addition to extending the term of the Facility, the amendment reduces Stonebriar’s funding costs and unlocks additional funding capacity within our existing portfolio. We appreciate Bank of America’s leadership, value the continued involvement of Credit Suisse and Security Benefit Life, and are glad to welcome both Citizens Bank and Fifth Third Bank to our lender group.   We look forward to continued success with each member of our lending group.” 

Vedder Price advised Stonebriar on the restructuring of the Facility.    Chapman and Cutler advised Bank of America and the lender group.   

About Stonebriar Commercial Finance: Stonebriar, an Eldridge Industries’ business 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 5 distinct platforms—General Equipment, Aviation Capital, Rail Leasing, Real Estate and Sponsor Finance.  To learn more about Stonebriar Commercial Finance please visit

About Eldridge Industries: Eldridge Industries (“Eldridge”) invests across diversified industries with a focus on: asset management and leasing; food, convenience, and consumer experiences; real estate lending and development; retirement income, insurance, and insurance technology; sports and media. In particular, the firm seeks to build and grow businesses 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. To learn more about Eldridge Industries please visit

Steven Siler
Stonebriar Commercial Finance
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