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CCG Offering $194.5M of Equipment Notes

Commercial Credit Group is preparing a $194.47 million securitization of equipment loans and leases, according to a presale report published today by Standard & Poor’s.

The deal, CCG Receivables Trust, is backed primarily by midticket loans and leases of construction, transportation and waste industry equipment originated and serviced by CCG.

It consist of a $55 million fixed-rate money market tranche of notes with a preliminary ‘ A-1’ rating from S&P; $124.29 million of fixed-rate senior notes provisionally rated ‘AAA’; and $15.08 million of fixed-rate notes provisionally rated ‘A.’

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