CG Commercial Finance closed a new senior secured credit and securitization facility to fund mid and large ticket equipment finance transactions. The facility has immediate availability of $50 million with an accordion to $100 million and is funded by SunTrust Bank. CG has also renewed its existing warehouse facility with expanded availability to $25 million under the $50 million accordion.
Combined with the recent investment by Atalaya Capital Management, CG continues to position the company to meet the expanding finance needs of mid-sized and large corporates seeking supplemental capacity and greater flexibility to structure larger or more complex projects.
Scott McCullum, president of CG Commercial Finance, said, “We are very pleased with the additional capacity we have through our recent closings of our new and expanded credit facilities. CG continues build on our strategic growth plans through aggressive talent acquisition, unique finance offerings and now expanded funding capabilities to meet the expanding finance needs of mid-sized and large corporate companies. SunTrust has been a strong partner of ours for many years and we are excited to take this next step with them.”
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