On September 27, 2024, Stonebriar Commercial Finance Canada Inc. provided an equipment finance facility to Heavy Metal Equipment & Rentals (“HME”) and provided a loan in the amount of $88 million for the acquisition of 10 Caterpillar 797 trucks. The loan assists HME in servicing its large mining clients and is secured against the financed assets.
Cassels acted as Canadian counsel for Stonebriar.