Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, announced the closing of a 144a privately-placed term asset-backed security (ABS) transaction. The $306,000,000 financing was placed with a broad group of institutional investors. JP Morgan Securities LLC 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.

“CCG is pleased to have completed this placement with the institutional ABS investor community and is appreciative of the continuing support they provided for our latest offering. Our 2018-1 transaction received significant oversubscription in all classes, along with the most diverse number of investors of our ABS placements to-date,” stated Roger Gebhart, SVP and Chief Financial Officer. “The composition of the contracts included in this transaction reflect the industry and equipment diversity CCG benefits from, in the segments we serve, including our recent addition of a financing capability for machine tool and manufacturing equipment originated through Manufacturers Capital.”