Stonebriar Commercial Finance Canada announced the closing of a $35 million equipment lease facility with a joint venture majority owned by an investment grade strategic industrial and a
natural resources focused private equity group. The joint venture operates one of the highest-grade iron ore mines in the world. The leased assets consist of new power generation equipment and
locomotives. The facility provides for interim fundings as the assets are manufactured and delivered into service, ultimately converting to term leases.
For more information, see document below.