CHARLOTTE, NC (April 15, 2019) – Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, today announced the closing of a 144a privately-placed term asset-backed security (ABS) transaction (the 2019-1 transaction). The $302,732,000 financing was placed with a broad group of institutional investors. Wells Fargo Bank, N.A. served as Structuring Agent and Lead Bookrunner for the placement. The financing contracts supporting the security consist of a diverse pool of CCG’s customer contract originations in the transportation, construction, manufacturing and waste equipment segments. The multi-tranche placement carried the following ratings:
| Notes | S&P | Fitch | DBRS | Dollar Amount |
| Class A-1 | A-1+ (sf) | F1+ (sf) | R-1 (h) (sf) | $ 89,000,000 |
| Class A-2 | AAA (sf) | AAA (sf) | AAA (sf) | $175,280,000 |
| Class B | A (sf) | A (sf) | A (h) (sf) | $ 30,236,000 |
| Class C | BBB+ (sf) | BBB (sf) | BBB (h) (sf) | $ 2,216,000 |
“This is our tenth transaction since 2011, and our offerings total approximately $2.2 billion. We are appreciative of the continued support of the institutional ABS investor community. In a busy week of ABS placement and sales activity, our 2019-1 transaction received significant oversubscription in all classes and we were able to welcome several new investors to our 2019-1 transaction” stated Roger Gebhart, SVP and Chief Financial Officer. “The composition of the contracts included in this transaction reflect the industry and equipment composition of CCG’s portfolio and provides investors a great degree of industry and equipment diversity.”
