representative work

Stonebriar Commercial Finance Closes US$685 Million Asset-Backed Securitization Transaction


On October 31, 2019, Stonebriar Commercial Finance, a leading commercial and structured finance company in North America, closed a US$685 million 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 assets located throughout Canada and the US. Credit Suisse acted as Lead-Structuring Agent and Lead Joint Bookrunner, BofA Merrill Lynch served as Co-Structuring Agent and Joint Bookrunner, Citizens Capital Markets and Fifth Third Securities acted as Co-Managers and US Bank National Association acted as Indenture Trustee, Custodian and Back-up Servicer.

Cassels acted for Stonebriar with a team comprised of Jonathan Fleisher, Daniel Cipollone and Paras Patel (Banking and Specialty Finance), James Morand (Tax), Joseph Bellissimo and Lance Williams (Restructuring and Insolvency), and John Christian (Corporate).