Commercial Credit, Inc. Achieves Successful $75 Million Notes Offering to Boost Capital Structure
Commercial Credit, Inc. Achieves a Significant Financial Milestone
Charlotte, NC – August 14, 2025 – In a noteworthy development for the financial sector, Commercial Credit, Inc. (CCI), a prominent player in the independent commercial equipment financing industry, has successfully closed a $75 million private placement of senior unsecured notes. This offering showcases CCI's strong capital position and commitment to enhancing its liquidity and capital structure.
The notes, which carry an investment-grade rating, are scheduled to mature in August 2030 and were acquired by a diverse set of institutional fixed-income investors. This strategically placed offering was coordinated with the support of Piper Sandler & Co., who acted as the sole placement agent for this transaction.
Strategic Use of Proceeds
The funds raised from this offering will primarily be allocated towards retiring a senior note previously issued by Commercial Credit Group Inc. (CCG) back in 2021, allowing CCI to further optimize its capital structure and extend its maturity profile. This strategic maneuver is aimed at reinforcing the company's financial foundation and enhancing future growth prospects.
Dan McDonough, co-founder and CEO of CCI, commented on this achievement, stating, "This offering represents a significant milestone for CCI as we continue to strengthen our liquidity and diversify our capital structure. The robust demand for our notes and their investment-grade rating underscore the resilience of our business model and our operational performance. We are excellently poised to continue our growth journey and deepen our commitment to serving customers nationwide."
About Commercial Credit, Inc.
Founded on providing tailored financial solutions for small to mid-sized businesses, Commercial Credit, Inc. operates through its subsidiaries, including Commercial Credit Group Inc., Commercial Funding Inc., and Keystone Equipment Finance Corp. The company specializes in offering equipment loans and leases across various industries, including construction, fleet transportation, manufacturing, and waste management. Additionally, CCI provides accounts receivable factoring services to a wide range of sectors.
Headquartered in Charlotte, North Carolina, CCI boasts full-service offices in cities including Buffalo, NY, Naperville, IL, Hamilton, ON, Salt Lake City, UT, and West Hartford, CT. For more information about their offerings, visit their websites: Commercial Credit Group, Commercial Funding, and Keystone Equipment Finance Corp.
Conclusion
The successful closing of this $75 million notes offering illustrates CCI's robust business strategy and operational strength in the competitive market of equipment financing. As the company continues to focus on enhancing its services and customer support, stakeholders and investors will be keenly monitoring its progress and future developments in this domain.
Topics Financial Services & Investing）
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