News and Press

CCG Closes 144A $265,000,000 Term Asset-Backed Security

Posted May 14, 2014

Charlotte, NC (May 14, 2014) – Commercial Credit Group Inc. (CCG) announces the closing of a 144a term asset backed security (ABS) transaction. The aggregate $265,380,000 amortizing term ABS was placed with a broad group of institutional investors. The financing contracts included in the security consist of a diversified pool of CCG’s overall contract originations.

Ratings information and updates on the multi-tranched notes are available at and

The financing offered three classes of securities: a $72,400,00 Class A-1 money market security rated A1+(sf) and R-1(h) with a coupon of .27%, a $177,170,000 Class A-2 tranche rated AAA(sf) and AAA(sf) with a coupon of 1.06%, and a $15,810,000 Class B tranche rated A(sf) and A(sf) with a coupon of 2.15%. Ratings were provided by Standard and Poor’s and DBRS respectively on each tranche.

J. P. Morgan Securities, LLC and BMO Capital Markets GKST Inc. served as Joint Bookrunners and SunTrust Robinson Humphrey, Inc. served as Co-Manager.

“This transaction is CCG’s fourth term ABS transaction. A larger proportion of the highest investment grade rating was achieved as compared to our previous transactions, which reflects the company’s asset quality, financial performance and growth prospects. This placement saw increased participation from a number of new investors and all tranches were significantly oversubscribed. We are looking forward to further expanding our relationships with the institutional market and appreciate their continued interest in CCG,” said Roger Gebhart, SVP and Chief Financial Officer. Protection Status