Vedder Thinking | News Vedder Price Counsels Client on $500M Revolving Credit Facility Deal
June 28, 2018
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 its closing of a new $500 million revolving credit facility (The Facility). The Facility will provide Stonebriar with committed, multi-year funding for each of its four business platforms – General Equipment, Rail Leasing, Aviation Capital and Real Estate. The Facility will provide $500 million of committed, revolving financing to Stonebriar through 2020.
“We are pleased to have worked with Stonebriar again on another successful deal. The Facility demonstrates the commitment Stonebriar leadership has to the company’s continuous improvement and evolution in the commercial finance and leasing space,” said Geoffrey Kass, Chair of Vedder Price’s Global Transportation Finance team. “We are proud of our sustained partnership and are excited to be a part of their ongoing growth.”