Commercial Credit Group is preparing a $194.47 million securitization of equipment loans and leases, according to a presale report published today by Standard & Poor’s.
The deal, CCG Receivables Trust, is backed primarily by midticket loans and leases of construction, transportation and waste industry equipment originated and serviced by CCG.
It consist of a $55 million fixed-rate money market tranche of notes with a preliminary ‘ A-1’ rating from S&P; $124.29 million of fixed-rate senior notes provisionally rated ‘AAA’; and $15.08 million of fixed-rate notes provisionally rated ‘A.’
