Commercial Credit Group, an independent commercial equipment finance company, closed a 144a privately-placed term asset-backed security (ABS) transaction. The $319.395 million financing was placed with a group of fixed income investors, representing 24 unique institutions.

J.P. Morgan Securities served as structuring agent and lead bookrunner for the placement. The multi-tranche placement carried the following ratings:

“Once again we received significant oversubscription in each class and welcomed a number of new investors to our platform” Paul Bottiglio, senior vice president and CFO of Commercial Credit Group, said. “The continued support of the investment community is a reflection of the strength of our portfolio, the historical performance of our previous securitizations and the company’s consistent underwriting policies and procedures.”

The financing contracts supporting the security consist of a pool of Commercial Credit Group’s customer contract originations in the construction, fleet transportation, manufacturing and waste equipment industries.