Vedder Price Advises Stonebriar Commercial Finance in Private Placement of $150 Million of Unsecured Notes
Vedder Price is pleased to announce that it represented Stonebriar Commercial Finance (Stonebriar), an Eldridge Industries business and a leading independent large-ticket commercial finance company, in connection with its private placement of $150 million aggregate principal amount of unsecured notes due 2024.
Kevin A. MacLeod, Shareholder and Head of the New York Capital Markets Group, led the team at Vedder Price, stating, “We are proud to support Stonebriar’s efforts to grow and diversify the company’s funding sources with its inaugural issuance of unsecured notes.”
In addition to Mr. MacLeod, the Vedder Price team included Global Transportation Finance Shareholder Geoffrey R. Kass, Tax Shareholder Matthew P. Larvick and Executive Compensation & Employee Benefits Shareholder Chris T. Collins.
The notes have not been registered under the U.S. Securities Act of 1933, as amended (Securities Act), or the securities laws of any jurisdiction. The notes were offered and sold only to investors in a private placement exempt from the registration requirements of the Securities Act.
Vedder Thinking | News Vedder Price Advises Stonebriar Commercial Finance in Private Placement of $150 Million of Unsecured Notes
Press Release
October 30, 2019
Vedder Price is pleased to announce that it represented Stonebriar Commercial Finance (Stonebriar), an Eldridge Industries business and a leading independent large-ticket commercial finance company, in connection with its private placement of $150 million aggregate principal amount of unsecured notes due 2024.
Kevin A. MacLeod, Shareholder and Head of the New York Capital Markets Group, led the team at Vedder Price, stating, “We are proud to support Stonebriar’s efforts to grow and diversify the company’s funding sources with its inaugural issuance of unsecured notes.”
In addition to Mr. MacLeod, the Vedder Price team included Global Transportation Finance Shareholder Geoffrey R. Kass, Tax Shareholder Matthew P. Larvick and Executive Compensation & Employee Benefits Shareholder Chris T. Collins.
The notes have not been registered under the U.S. Securities Act of 1933, as amended (Securities Act), or the securities laws of any jurisdiction. The notes were offered and sold only to investors in a private placement exempt from the registration requirements of the Securities Act.
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