Stonebriar Sells $869 Million in AI Chip Backed Securities

Stonebriar Commercial Finance is selling approximately $869 million in asset-backed securities secured by equipment loans and leases. The offering represents one of the first broadly syndicated equipment financing transactions to include loans for artificial intelligence chips, often called GPU loans, as collateral.

AI-related loans make up about 15% of the total collateral for the deal. This transaction indicates that the high demand for capital to fund AI infrastructure investments has expanded into the equipment-backed securities market.