#United States #Charlotte #Equipment Financing #ABS #Commercial Credit

Commercial Credit Group Achieves Major Funding Milestone

In a significant move for the asset-backed security (ABS) market, Commercial Credit Group Inc. (CCG), a prominent independent commercial equipment finance company, announced the closing of its 20th term ABS transaction, securing an impressive $513,770,000. This milestone is not just a number; it marks CCG's largest ABS offering to date and illustrates its growing influence in the commercial finance sector.

The recent securitization was offered to a diverse pool of institutional fixed-income investors, showcasing the strong demand for asset-backed securities in today's market. Notably, Bank of America Securities, Inc. acted as both the Structuring Agent and Lead Bookrunner for this landmark transaction. The proceeds from this funding will support CCG’s ongoing initiatives to expand its loan originations, particularly targeting essential equipment financing for middle-market businesses across various industries.

The newly secured capital is backed by CCG’s finance originations across several sectors, including construction, fleet transportation, manufacturing, and waste equipment industries. Additionally, the transaction incorporates transportation and construction receivables sourced from Keystone Equipment Finance Corp., a valued affiliate of CCG. This diverse backing not only enhances the robustness of the financial offering but also reflects CCG's successful operational strategy in serving the middle market.

Details of the Secured Notes

In total, the transaction comprises five classes of notes, each carrying distinct ratings and dollar amounts. Here’s a breakdown of the classes:

• - Class A-1: Rated A-1+ (sf) by S&P and P1 (sf) by Moody's, totaling $111,510,000.
• - Class A-2: Rated AAA (sf) by S&P and Aaa (sf) by Moody's, amounting to $335,910,000.
• - Class B: Rated AA (sf) by S&P and Aa2 (sf) by Moody's, pegged at $26,540,000.
• - Class C: Rated A (sf) by S&P and A2 (sf) by Moody's, with a total of $25,220,000.
• - Class D: Rated BBB+ (sf) by S&P and Baa2 (sf) by Moody's, valued at $14,590,000.

This extensive rating approach indicates a structured framework aimed at minimizing risk while maximizing returns for investors, further solidifying investor confidence in CCG's financial health.

Growth and Future Outlook

Paul Bottiglio, the CFO of CCG, expressed enthusiasm about the completion of this major ABS transaction, emphasizing the pivotal role it plays in CCG’s strategic growth. “We’re pleased to have completed our 20th term ABS transaction and appreciate the strong support from both new and returning investors. This transaction, our largest to date, reflects the continued confidence in our platform and enables us to further expand our ability to serve middle-market businesses with essential equipment financing,” stated Bottiglio.

Since its inception in 2004, Commercial Credit Group has established itself as a leader in providing equipment loans and leases tailored for small to mid-sized businesses across various sectors—primarily those focusing on construction, fleet transportation, and manufacturing. CCG has successfully originated over $8 billion in equipment loans and leases, signifying its robust operational capacity and commitment to driving the commercial finance landscape forward.

Headquartered in Charlotte, NC, CCG is poised for continued expansion, particularly in a market that increasingly prioritizes efficient and flexible financing solutions. With this new influx of capital, the company remains well-equipped to cater to the evolving needs of its clients. To learn more about Commercial Credit Group Inc. and its offerings, visit www.commercialcreditgroup.com.