The notes offering marks a key milestone for CCG as we enhance our liquidity profile and further diversify our capital structure.
CHARLOTTE, N.C. (PRWEB) May 19, 2021
Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, today announced the closing of a private placement of $75,000,000 aggregate principal amount of senior unsecured notes. The notes are NAIC 1 equivalent and due May 2026. The notes were placed with a broad group of institutional fixed income investors, including insurance companies, asset managers and banks. Piper Sandler & Co. served as the sole placement agent for the offering.
“The notes offering marks a key milestone for CCG as we enhance our liquidity profile and further diversify our capital structure,” said Dan McDonough, co-founder and CEO of CCG. “The market’s eager reception and the underlying rating of our notes is reflective of the hard work of our employees, the performance of our portfolio, as well as the durability of our business model. We have never been better positioned to grow with and serve our customers.”
About Commercial Credit Group Inc.:
Commercial Credit Group Inc., a wholly owned subsidiary of Commercial Credit, Inc., is an independent commercial finance company that provides equipment 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. Since its inception in 2004, CCG has originated over $5.5 billion of equipment loans and leases. 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. For more information, please visit http://www.commercialcreditgroup.com.