1 minute read
SPOTLIGHT INDEX
$397,080,000 TERM ABS (CCGR TRUST 2023-1)
Charlotte-based equipment finance company closes sixteenth asset-backed security transaction.
CHARLOTTE, NC (March 20, 2023) – Commercial Credit Group Inc. (CCG)® , an independent commercial equipment finance company, today announced that it has finalized a $397,080,000 term asset-backed security (ABS) transaction. The securitization was placed with a diversified group of fixed income investors from 34 unique institutions. BofA Securities, Inc. served as Structuring Agent and Lead Bookrunner for the placement. The securitization is comprised of four classes of notes which carry the following ratings:
“ CCG is pleased to have completed its sixteenth term ABS transaction since 2011. We are appreciative of the continued support from the institutional ABS investor community which is reflected in the high levels of oversubscription on the transaction.” stated Paul Bottiglio, CCG’s SVP and CFO. “This transaction further diversifies our funding sources helping us to more efficiently meet the financing needs of our middle market customers.”
The securitization pool is supported by CCG’s finance 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.
www.commercialcreditgroup.com.
Contact Information: Julie Murphy 704-944-2771 jmurphy@commercialcreditgroup.com
COXREELS® INDUSTRIAL DUTY LED LIGHTS FOR PC10 SERIES MODEL
Coxreels is proud to introduce a new line of three industrial duty LED lights now available on the PC10 reels. The new LED lights feature a variety of industrial-grade features and options, including: a 50,000 hour rating, internal light diffusers, and shatter-resistant polycarbonate lenses. Coxreels’ new LED lights also feature adjustable steel hooks for hands-free placement.
Whether you are looking for the compact LED light feature (-M), the LED light with the additional power source (-K), or the industrial-duty, UL Listed LED light (-H), these reels have the perfect features to complement a variety of applications. Coxreels® has remained steadfast and focused on manufacturing high quality, industrial grade hose, cord, and cable reels with leading industry innovation since 1923. Offering a full product line serving the industry in every channel and application, Coxreels® takes great pride in designing, building, and supporting each and every product made exclusively in the U.S.A.
For further information on Coxreels® industrial duty LED lights, contact Customer Service at (800) 269-7335 or visit www.coxreels.com.