Commercial Credit Group Inc. Closes $319,395,000 Term ABS (2021-2)

Charlotte-based equipment finance company closes fourteenth asset-backed security transaction.

CHARLOTTE, NC (October 20, 2021) – Commercial Credit Group Inc. (CCG), an independent commercial equipment finance 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, SVP 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 policies 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.

About Commercial Credit Group Inc.:

Commercial Credit Group Inc. a wholly owned subsidiary of Commercial Credit, Inc. is an independent commercial finance company that provides equipment loans and leases to small and mid-sized businesses in the construction, fleet transportation, machine tool and manufacturing and waste industries. The company’s sales force is located throughout North America. CCG is headquartered in Charlotte, NC and operates full-service offices in Buffalo, NY and Naperville, IL. CCG Equipment Finance Limited services the Canadian Provinces of Ontario, west to British Columbia, from its Canadian headquarters in Hamilton, Ontario. For more information, please visit www.commercialcreditgroup.com.

Contact Information:

Julie Murphy
704-944-2771
jmurphy@commercialcreditgroup.com