FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


CG Commercial Finance Completes $4.5MM Lease Financing for Fortune 100 Company

April 06, 2016, 07:00 AM

CG Commercial Finance (CGCF) has completed an 84 month operating lease for ArcelorMittal USA in the amount of $4,500,000 consisting of a used Caterpillar Rotary Blasthole Drill and accessories.

ArcelorMittal USA is a wholly owned subsidiary of ArcelorMittal Incorporated, a Fortune 100 Steel and Mining company and a leading supplier of quality steel products in all major markets including automotive, construction, household appliances and packaging.

CGCF, competing against money center and regional banks, worked hard to secure the transaction by providing the most competitive pricing, customizing documentation to accept ArcelorMittal’s specific terms and conditions, and achieving the highest advance amount for the used equipment

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.