Commercial Credit Group Closes $326.9MM Term ABS

Commercial Credit Group, an independent commercial equipment finance company, closed a 144a privately placed term asset-backed security transaction. The $326.96 million financing was placed with a group of fixed income investors, representing 28 institutions.

BMO Capital Markets served as structuring agent and lead bookrunner for the placement. The financing contracts supporting the security consist of a pool of CCG’s customer contract originations in the construction, fleet transportation, manufacturing and waste equipment industries.

“The company is pleased to have completed its twelfth term ABS transaction since 2011. The strong level of investor support is a reflection of our attention to credit quality, the diversity of the underlying assets and the strength of our risk management. We are thrilled to continue expanding our relationships with the institutional market,” Paul Bottiglio, vice president and treasurer of CCG, said. “We are appreciative of the continued support from the ABS investor community and are pleased to welcome several new investors to this transaction.”