Commercial Credit Group Inc. Closes $306,000,000 Term Asset-Backed Security

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Charlotte-based equipment finance company’s eighth term ABS transaction

CCG Completes ABS Term Deal

CCG Equipment Financing

Our 2018-1 transaction received significant oversubscription in all classes, along with the most diverse number of investors of our ABS placements to-date.

February 14, 2018 – Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, today announced the closing of a 144a privately-placed term asset-backed security (ABS) transaction. The $306,000,000 financing was placed with a broad group of institutional investors. JP Morgan Securities LLC served as Structuring Agent and Lead Bookrunner for the placement. The financing contracts supporting the security consist of a diverse pool of CCG’s customer contract originations in the transportation, construction, manufacturing and waste equipment segments. The multi-tranche placement carried the following ratings:

Notes             S&P         Fitch         DBRS            Dollar Amount
Class A-1          A-1+ (sf)             F1+ (sf)             R-1 (high) (sf)        $ 91,200,000
Class A-2          AAA (sf)             AAA (sf)         AAA (sf)                $176,302,000
Class B               A (sf)         A (sf)         A (sf)            $ 30,366,000
Class C               BBB+ (sf)     BBB (sf)             BBB (sf)                $    7,826,000

“CCG is pleased to have completed this placement with the institutional ABS investor community and is appreciative of the continuing support they provided for our latest offering. Our 2018-1 transaction received significant oversubscription in all classes, along with the most diverse number of investors of our ABS placements to-date,” stated Roger Gebhart, SVP and Chief Financial Officer. “The composition of the contracts included in this transaction reflect the industry and equipment diversity CCG benefits from, in the segments we serve, including our recent addition of a financing capability for machine tool and manufacturing equipment originated through Manufacturers Capital.”

About Commercial Credit Group Inc.:
Commercial Credit Group Inc., a wholly owned subsidiary of Commercial Credit, Inc. is an independent, commercial equipment finance company that provides secured loans and leases to small and mid-sized businesses in the construction, fleet transportation, machine tool and manufacturing and waste industries. The company’s sales force is located throughout North America and sources transactions through end-users, equipment vendors and manufacturers with typical transaction sizes ranging from $100,000 to $2,500,000. Since its inception in 2004, CCG has originated over $3.0 billion of finance receivables. CCG is headquartered in Charlotte, NC and operates full service offices in Buffalo, NY and Naperville, IL. CCG Equipment Finance Limited services the Canadian Provinces of Ontario, west to British Columbia, from its Canadian headquarters in Hamilton, Ontario. Division Manufacturers Capital provides financing for the manufacturing and fabricating industries. For more information, please visit http://www.commercialcreditgroup.com and http://www.mfrscapital.com.

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Julie Murphy
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