Commercial Credit Group (CCG), an independent commercial equipment finance company, closed a private placement of $75 million aggregate principal amount of senior unsecured notes. The notes are NAIC 1 equivalent and due May 2026. The notes were placed with a group of institutional fixed income investors, including insurance companies, asset managers and banks. Piper Sandler served as the sole placement agent for the offering.
“The notes offering marks a key milestone for CCG as we enhance our liquidity profile and further diversify our capital structure,” Dan McDonough, co-founder and CEO of CCG, said. “The market’s eager reception and the underlying rating of our notes is reflective of the hard work of our employees, the performance of our portfolio, as well as the durability of our business model. We have never been better positioned to grow with and serve our customers.”