Commercial Credit Group Inc. (CCG), a leading independent commercial equipment finance company, announced that it has finalized a $513.77 million term asset-backed security (ABS) transaction. The securitization was placed with a diverse group of institutional fixed income investors. Bank of America Securities Inc. served as Structuring Agent and Lead Bookrunner for the placement. Proceeds from the transaction will be used to fund continued originations.

The securitization is backed by CCG's finance originations in the construction, fleet transportation, manufacturing, and waste equipment industries as well as transportation and construction receivables originated by Keystone Equipment Finance Corp., a CCG affiliate.

"We're pleased to have completed our 20th term ABS transaction and appreciate the strong support from both new and returning investors," said Paul Bottiglio , CCG's CFO. "This transaction, our largest to date, reflects the continued confidence in our platform and enables us to further expand our ability to serve middle-market businesses with essential equipment financing."

Commercial Credit Group, a wholly owned subsidiary of Commercial Credit Inc., is an independent commercial finance company that provides equipment loans and leases to small and mid-sized businesses in the construction, fleet transportation, machine tool, manufacturing, and waste industries. The company's sales force is located throughout North America. Since its inception in 2004, CCG has originated over $8 billion of equipment loans and leases. CCG is headquartered in Charlotte, N.C.