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Vedder Thinking | News Vedder Price Advises Stonebriar Commercial Finance on $966 Million ABS Offering

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Vedder Price is pleased to announce that it represented Stonebriar Commercial Finance (Stonebriar), a leading independent large-ticket commercial finance company, in an offering of $966 million of asset-backed securities (ABS), SCFET 2021-1. The Vedder Price team was led by Shareholders Geoff R. Kass, Kevin A. MacLeod and Mark J. Ditto, and included Tax Shareholder Matthew P. Larvick and Global Transportation Finance Associates Brian Wendt and Robert A. Sikorski. SCFET 2021-1 is secured by a portfolio of equipment leases and loans related to Stonebriar’s five business platforms – General Equipment, Aviation Capital, Rail Leasing, Real Estate and Sponsor Finance – including transactions from its Canadian portfolio.

“We are pleased to have supported Stonebriar Commercial Finance in this important transaction, their eighth ABS,” said Geoffrey R. Kass, Chair of Vedder Price’s Global Transportation Finance team. “We look forward to our continued partnership and collaboration in Stonebriar’s continued growth.”

The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (Securities Act), or the securities laws of any jurisdiction. The securities were offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.



Professionals



Geoffrey R. Kass

Shareholder



Kevin A. MacLeod

Shareholder



Mark J. Ditto

Shareholder



Matthew P. Larvick

Shareholder



Brian D. Wendt

Associate



Robert A. Sikorski

Associate