Commercial Credit Group announced the closing of a 144a privately-placed term asset-backed security (ABS) transaction. The $259,707,000 financing was placed with a broad group of institutional investors. The financing contracts supporting the security consist of a diverse pool of CCG’s customer contract originations.

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

“The company is pleased to have completed its seventh term ABS transaction. The transaction structure reflects the significant strength of CCG’s ABS financing program and underlying asset performance. The placement received significant demand in all classes. We look forward to further expanding our relationships with the institutional market,” stated Roger Gebhart, SVP and Chief Financial Officer.