Vedder Price Advises Stonebriar Commercial Finance in Private Placement of $90 Million of Unsecured Notes
Vedder Price is pleased to announce that it represented Stonebriar Commercial Finance (“Stonebriar”), a leading independent large-ticket commercial finance company, in connection with its private placement of $90 million of its senior unsecured notes maturing in 2025 and 2027 (the “Notes”). The Notes mark the second such issuance Vedder Price has advised Stonebriar on since 2019.
Kevin A. MacLeod, Shareholder and Head of the New York Capital Markets Group, led the team from Vedder Price. “Following Stonebriar’s inaugural issuance last October, we’ve been proud to work with Dave [Fate, President and CEO of Stonebriar] and the Stonebriar team on various financing transactions including this expansion in the private placement market,” said Mr. MacLeod. Chair of the Global Transportation Finance team, Geoffrey R. Kass added, “It’s a testament to Stonebriar’s success to issue the Notes in a time of market uncertainty. We’re proud to be a part of their long term growth strategy.”
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 $90 Million of Unsecured Notes
Press Release
October 6, 2020
Vedder Price is pleased to announce that it represented Stonebriar Commercial Finance (“Stonebriar”), a leading independent large-ticket commercial finance company, in connection with its private placement of $90 million of its senior unsecured notes maturing in 2025 and 2027 (the “Notes”). The Notes mark the second such issuance Vedder Price has advised Stonebriar on since 2019.
Kevin A. MacLeod, Shareholder and Head of the New York Capital Markets Group, led the team from Vedder Price. “Following Stonebriar’s inaugural issuance last October, we’ve been proud to work with Dave [Fate, President and CEO of Stonebriar] and the Stonebriar team on various financing transactions including this expansion in the private placement market,” said Mr. MacLeod. Chair of the Global Transportation Finance team, Geoffrey R. Kass added, “It’s a testament to Stonebriar’s success to issue the Notes in a time of market uncertainty. We’re proud to be a part of their long term growth strategy.”
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.
