CG Commercial Finance Completes $25MM Frac Spread Equipment Lease for Oil and Gas Services Company

CG Commercial Finance (CGCF) announced it has completed a lease transaction totaling $25,000,000 comprised of three Frac-Pump Spreads providing additional liquidity for the Lessee, a large Texas-based oilfield services provider. This transaction is another recent example of CGCF’s ability to fund large, complex transactions in a challenging credit and macro-economic climate. CGCF continues to secure funding for energy companies despite the current and historically low level of lending interest within the Oil and Gas Industry.

CGCF provided competitive pricing and the required credit capacity despite the Lessee’s rapidly changing credit profile resulting from depressed oil prices. Additionally, CGCF’s deep capital markets capability provided an additional $25MM credit approval further improving the Lessee’s liquidity position.

“I want to personally thank you and your team for all your hard work. You guys were fantastic. Please let me know when you are coming out and I will get our closing dinner scheduled.” Perry Ewing, Corporate Treasurer (vendor).

CGCF’s deep due diligence and broad portfolio capabilities have proven essential for many companies operating within the Energy Sector to obtain the necessary liquidity, structure, and flexibility to continue to operate in a down commodities cycle.

“As banks withdraw from a variety of industry sectors, CGCF continues to selectively work with best in class companies and management teams in out of favor industries to provide needed liquidity via equipment financing. While Banks chase investment grade business in favored industries, CGCF focuses on providing value to middle market companies. We work hard and make the extra effort to comprehend complex macro-economic conditions, intimately understand the businesses for which we are funding, and successfully structure transactions to mitigate credit, industry, and collateral risk.” W. Scott McCullum, President, CG Commercial Finance.

About CG Commercial Finance

CG Commercial Finance is a domestic and international financier of equipment and industrial projects related to the growth, expansion and efficiency initiatives of large corporations. CGCF delivers highly customized lease and financing solutions to meet complex operational, accounting, and treasury requirements. Projects typically range from $1MM to $300MM in cost and include diverse assets such as transportation (titled vehicles, air, rail, and marine), industrial plants (manufacturing, food processing, assembly, etc.), distribution centers, material handling, mining, energy, and technology assets.

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