CG Commercial Finance completed its 23rd schedule for one of the U.S.’ largest privately held coal mining operation, for a total of $77,162,139 for new and used above and below ground mining equipment and vehicles. The leases are structured as GAAP Operating Leases to preserve the client’s liquidity and to manage certain financial ratios to stay within its lender’s covenants.

CGCF funded both highly specialized and used equipment, and provided residual investments in the equipment that allowed for GAAP Operating Lease treatment. Additionally, CGCF provided end of lease purchase financing for existing leases on the client’s books, paying off and aggregating many disparate lease providers. This enabled the client to have a single point of contact and one set of master documentation for all of their lease schedules.