Commercial Credit, an independent commercial equipment finance company, announced the successful closing of a $75 million private placement of senior unsecured notes. The investment-grade rated notes mature in August 2030 and were placed with a diverse group of institutional fixed income investors. Piper Sandler & Co. acted as the sole placement agent for the transaction.

Proceeds from the offering will be used to extinguish a senior note issued by Commercial Credit Group Inc. (CCG) in 2021, further optimizing the company's capital structure and extending its maturity profile.

"This offering represents a significant milestone for CCI as we continue to strengthen our liquidity and diversify our capital structure," said Dan McDonough, co-founder and CEO of CCI. "The strong demand for our notes and the investment-grade rating reflect the strength of our business model and performance. We are well-positioned to continue our growth and deepen our commitment to serving customers nationwide."