Commercial Credit Group Inc. (CCG) announced the closing of a 144a privately placed term asset backed security (ABS) transaction. The $310,400,000 financing was placed with a broad group of institutional investors. The financing contracts included in the security consist of a diversified pool of CCG’s contract originations. The multi-tranche placement carried the following ratings:

J. P. Morgan Securities, LLC and Wells Fargo Securities, LLC served as Joint Bookrunners and SunTrust Robinson Humphrey, Inc. served as Co-Manager.

"The Company is pleased to have completed its fifth annual term ABS transaction. The transaction structure reflects the significant strength of CCG’s ABS financing program and underlying asset performance. The placement was oversubscribed in all classes and was very well received despite turbulent and uncertain market conditions. We look forward to further expanding our relationships with the institutional market," said Roger Gebhart, SVP and Chief Financial Officer.