---
title: CCG Closes 14th Term ABS
description: CCG, a Charlotte-based equipment finance company, closes fourteenth asset-backed security (ABS) transaction, for $319,395,000
---

[News & Press | CCG ](https://www.commercialcreditgroup.com/news)

# [CCG Closes 14th Term ABS ](https://www.commercialcreditgroup.com/news/ccg-closes-abs-transaction-14)

 Written by [No Author](https://www.commercialcreditgroup.com/news/author/no-author) | October 20, 2021

CHARLOTTE, NC (October 20, 2021) – Commercial Credit Group Inc. (CCG), an independent commercial [equipment finance](https://www.commercialcreditgroup.com/) company, today announced the closing of a 144a privately-placed term asset-backed security (ABS) transaction. The $319,395,000 financing was placed with a broad group of fixed income investors, representing 24 unique institutions. JP Morgan Securities LLC served as Structuring Agent and Lead Bookrunner for the placement. The multi-tranche placement carried the following ratings:

**Notes                  Moody's           S&P              Dollar Amount**

Class A-1             P-1 (sf)             A-1+ (sf)           $71,000,000               

Class A-2            Aaa (sf)           AAA (sf)           $217,275,000

Class B               Aa2 (sf)            AA (sf)             $16,379,000

Class C               A2 (sf)              A (sf)               $14,741,000

“Once again we received significant oversubscription in each class and  welcomed a number of new investors to our platform” stated [Paul Bottiglio](https://www.commercialcreditgroup.com/team/paul-bottiglio), Senior Vice President and CFO. “The continued support of the investment community is a reflection of the strength of our portfolio, the historical performance of our previous securitizations, and the company's consistent underwriting polices and procedures.”

The financing contracts supporting the security consist of a diverse pool of CCG’s customer contract originations in the construction, fleet transportation, manufacturing, and waste equipment industries. 

[View full post](https://www.commercialcreditgroup.com/news/ccg-closes-abs-transaction-14)

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