Steel Processor and Distributor

Experts

John Graham

Phil La Duke

Steve LeFever

Peter Morici

Mike Riley

Josh Spoores

Business Services Industry News

High School Welding Education Initiative, Airgas, Airgas, an Air Liquide company, Jay Worley, American Welding Society, welding, engineering and technical careers, industrial, medical and specialty gases

Airgas’s High School Welding Education Initiative Expands This Year

Airgas will welcome 65 schools into the company’s High School Welding Education Initiative for the 2024 academic year. There are 31 returning schools and 34 new schools from a record 29 states that have been selected to be part of the program.

Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, recently announced that it has finalized a $427,538,000 term asset-backed security (ABS) transaction. The securitization was placed with a diversified group of fixed income investors from 32 unique institutions. Wells Fargo Securities, LLC served as Structuring Agent and Lead Bookrunner for the placement. The securitization is supported by CCG’s finance originations in the construction, fleet transportation, manufacturing, and waste equipment industries and is comprised of five classes of notes which carry the following ratings: Notes S&P Moody’s Dollar Amount Class A-1 A-1+ P-1 $94,600,000 Class A-2 AAA Aaa $277,047,000 Class B AA Aa2 $21,822,000 Class C A A1 $16,033,000 Class D BBB+ Baa2 $18,036,000 “This is CCG’s second securitization of the year, and our largest transaction to-date. We're delighted with the positive reception of this offering and grateful for the ongoing support from the institutional ABS investor community," Stated Paul Bottiglio, CCG’s SVP and CFO. “This transaction further enables us to assist our middle-market customers in the financing of their mission-critical equipment.” About Commercial Credit Group Inc.: Commercial Credit Group Inc., 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 and manufacturing and waste industries. The company’s sales force is located throughout North America. Since its inception in 2004, CCG has originated over $6.5 billion of equipment loans and leases. CCG is headquartered in Charlotte, NC. For more information, please visit www.commercialcreditgroup.com.

Equipment Finance Company Closes 17th Asset-backed Security Transaction

Charlotte, N.C.-based Commercial Credit Group Inc. closes $427,538,000 Term ABS (CCGR Trust 2023-2); it is the company’s largest transaction to-date.

IMTS 2022, digital manufacturing technologies, Okuma, Mazak, Hermle USA, Dassault Systemes, Delmia, INDEX, Creaform, Zeiss, Hexagon, Autodesk, Heidenhain

More Parts in the Bin: Explore Smart Strategies at IMTS 2022

Immediately boost manufacturing efficiencies and transform your company in the long term.

View All

Benefits of Using a 5- or 6-Inch Grinding Wheel or Flap Disc

Sponsored by Weiler Abrasives

More fabricators are using larger-diameter grinding wheels and flap discs for their grinding, material removal, and blending applications instead of 4.5-inch options — and with good reason.

More fabricators are using larger-diameter grinding wheels and flap discs for their...