Stonebriar Closes $200mm Lease for Global Data Center

Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of a $200 million lease financing to a global data center operator. The lease is supported by assets consisting of new, high-performance servers, data storage systems, and other networking equipment located at Lessee’s five primary US data centers. The assets will be dedicated to Lessees Private Cloud segment, providing capacity to serve new customer growth under new multi-year contracts.

Steve White, Stonebriar’s Co-Founder and EVP stated, "We were pleased to partner with an established entity that serves thousands of businesses across 120 countries, including half of the Fortune 100, as well as the US and UK governments. The Company employs ~7,000 people and operates over 40 data sites globally. Their sponsor was fully supportive of this financing which served to further bolster liquidity. I am very proud to be supported by such an experienced Stonebriar team including Harrison Smith, Olivia Glode, Ben Steller and Jason Schwartz. The team seamlessly closed an extremely complex transaction”.

About Stonebriar:  Stonebriar, an Eldridge Industries business, originates and services a portfolio of lease and loan products secured by essential income-producing assets across the credit spectrum.  Based in Plano, TX, Stonebriar’s portfolio serves as a catalyst for the U.S. economy by providing capital needed in key sectors including manufacturing, marine, aviation, rail, energy and real estate. To learn more about Stonebriar, please visit www.StonebriarCF.com.

About Eldridge Industries: Eldridge Industries invests in businesses across the Insurance, Asset Management, Technology, Mobility, Sports & Gaming, Media, Real Estate and Consumer landscapes. The firm seeks to build and grow businesses led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge Industries is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York and London. To learn more about Eldridge Industries, please visit www.Eldridge.com.