Daily News: January 10, 2014

Commercial Credit Group Closes Two New Revolvers

Commercial Credit Group said it closed two new revolving credit facilities totaling $180 million. JPMorgan Chase Bank provided a $100 million asset-backed commercial paper facility, and BMO Harris Bank agented an $80 million facility.

“The company is pleased to have completed these additional financing facilities. These multiyear facilities will provide increased financing capacity and flexibility to support the company’s geographic growth and national reach. We are happy to be able to continue to expand our relationship with the Bank of Montreal and establish a new relationship with JPMorgan Chase Bank, both highly regarded, conservative, financial institutions with significant capabilities,” said Roger Gebhart, SVP and CFO.