March 31, 2010
COMMERCIAL CREDIT GROUP ESTABLISHES $75 MILLION ASSET BACKED COMMERCIAL PAPER FACILITY WITH THREE PILLARS FUNDING, LLC
Charlotte, NC (March 31, 2010) – Commercial Credit Group Inc. (CCG), announced today the closing of an asset backed commercial paper program with SunTrust Robinson Humphrey, Inc. through Three Pillars Funding LLC. SunTrust Bank provided liquidity support. Proceeds from the facility will be used to fund the Company’s growth.
“This new facility with SunTrust is another component of diversifying CCG’s funding program. It will also provide capacity and capital for growth. Combining the SunTrust program with our other funding programs will further enable CCG to execute its strategies,” said Dan McDonough, CEO of CCG. “We are very excited to have established a relationship with SunTrust as a financing provider.”