Stonebriar Commercial Finance Closes a $40 Million Lease Facility

Stonebriar Commercial Finance announced the closing of a $40 million equipment lease facility with a publicly traded oilfield services provider.  The company provides completion, intervention and production services in all the major U.S. onshore oil and gas basins.

The lease facility, underwritten and closed in seven business days, supports the company’s acquisition of new, best-in-class equipment that is mission critical to the completion and production of oil and gas wells. 

Reagan Rorschach, Stonebriar managing director, stated, “Our client has a heritage of bringing innovative solutions to complicated situations.  The acquisition of this equipment is consistent with the company’s commitment to provide safe, reliable, efficient and market leading assets to the challenging and technical work of well completion and ongoing production.”  Dirk Stock, Stonebriar vice president and portfolio manager, added, “We have a great deal of confidence in this proven management team, its disciplined approach to balance sheet management, the essentiality of the equipment and the quality of the crews that will profitably operate it.”

About Stonebriar: 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 www.StonebriarCF.com.

About Eldridge Industries: Eldridge Industries grows diversified businesses with a focus on Credit and Credit/Real Estate Hybrid; Insurance and Insurance Tech; Real Estate; Sports and Media; Convenient Food; and Technology. 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 please visit www.Eldridge.com.

For more information contact:

Kyle Parks:
(469) 609-8525 
Kyle.Parks@StonebriarCF.com

Reagan Rorschach:
(469) 609-8523 
Reagan.Rorschach@StonebriarCF.com