Stonebriar Commercial Finance closed an incremental $25 million secured term loan for a regional lumber company. The loan is secured by all production equipment and other assets such as rolling stock, real estate and timber tracts.
Stonebriar Commercial Finance closed a seven-year CAD$130 (USD$95.1) million term loan for a provider of specialty industrial and environmental services to oil and gas, chemical and manufacturing end markets.
White Oak ABL, White Oak Commercial Finance and other affiliates of White Oak Global Advisors closed a three-year, $287.5 million senior secured credit facility for Majestic Steel USA, a Midwest-based distributor and value-added service provider of flat-rolled steel products.
Stonebriar Commercial Finance promoted Jon Dahlfors to director of credit. In his new role, Dahlfors will continue to report to Jeff C. McCoy, senior managing director of credit at Stonebriar.
Stonebriar Commercial Finance closed a $75 million sale and leaseback of beverage production and packaging equipment for a market-leading co-manufacturer of high-growth beverages in the United States.
Stonebriar Commercial Finance extended its relationship with Solifi as the provider of a software-as-a-service technology platform to support back-office portfolio management and growth goals.
Stonebriar Commercial Finance closed a $180 million senior secured term loan with a low-cost producer of sand to the Permian Basin. This facility represents Stonebriar’s fifth closed transaction with the borrower and its affiliates.
Overseas Shipholding Group, a provider of energy transportation services for crude oil and petroleum products in the U.S. flag markets, closed on a seven-year, $325 million term loan credit facility with Stonebriar Commercial Finance.
Stonebriar Commercial Finance extended its $1 billion revolving warehouse credit facility agented by Bank of America to 2025. Mitsubishi UFJ Financial Group (MUFG) joined the facility as a new participating lender.
Stonebriar Commercial Finance has allocated all bonds, confirmed pricing and is set to close its fifth commercial equipment asset-backed securitization, SCFET 2019-1, a $650 million ABS issuance.