Northern California Record

Wednesday, November 13, 2019

VEDDER PRICE PC: Vedder Price Counsels Stonebriar Commercial Finance on $1 Billion Revolving Credit Facility

By Press release submission | Aug 19, 2019

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Vedder Price PC issued the following announcement on Aug. 15.

Vedder Price is pleased to announce that its Global Transportation Finance team, led by Shareholders Mark Ditto and Marc Klyman, represented Stonebriar Commercial Finance (Stonebriar) in extending and amending certain terms of its existing $1.0 billion revolving credit facility (the Facility).

The Facility will provide funding for Stonebriar’s portfolio of commercial equipment loans and leases for each of its business platforms, including rail, aviation, marine transportation, energy, real estate and manufacturing. The Facility will provide $1 billion of committed, revolving financing to Stonebriar through 2023.

“We’re proud to be a part of Stonebriar’s growth in the commercial finance and leasing space,” said Geoffrey Kass, Chair of Vedder Price’s Global Transportation Finance team. “We look forward to our continued relationship with Stonebriar and the new equipment financing opportunities this extension will grant them.”

Original source can be found here.

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