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Stonebriar Commercial Finance Closes US$650 Million Asset-Backed Securitization Transaction

Published: 04/10/2019

Team: Jonathan Fleisher, Carla Potter, Daniel P. Cipollone, Patience Omokhodion, James G. Morand, Joseph J. Bellissimo, Lance Williams, John T.C. Christian

On April 10, 2019, Stonebriar Commercial Finance, a leading commercial and structured finance company in North America, closed a US$650,291,000 asset-backed securitization transaction for the issuance of certain equipment contract backed notes. The notes are secured by a portfolio of leases and commercial equipment loans across aviation, rail, manufacturing, infrastructure, real estate, heavy equipment, marine transportation and automotive. Merrill Lynch, Pierce, Fenner & Smith Incorporated is Lead Structuring Agent and Joint Bookrunner. Credit Suisse Securities (USA) LLC is Co-Structuring Agent and Joint Bookrunner. Stonebriar will service the assets with US Bank as backup servicer. 

Cassels Brock acted for Stonebriar with a team comprised of Jonathan Fleisher, Carla Potter and Daniel Cipollone (Financial Services), Patience Omokhodion and Hilary Fender (Aircraft Financing), James Morand (Tax), Joseph Bellissimo and Lance Williams (Restructuring and Insolvency) and John Christian (Corporate).