Commercial Credit, Inc. Announces the Launch of its Initial Public Offering

CHARLOTTE, N.C., April 27, 2015 /PRNewswire/ -- Commercial Credit, Inc. (CCI), the parent company of Commercial Credit Group Inc. (CCG), announced today the launch of its initial public offering of 7,250,000 shares of its common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission ("SEC"). The Company is selling 4,312,500 shares of common stock and certain stockholders, including affiliates of Lovell Minnick Partners LLC and Archbrook Capital Management LLC, are selling 2,937,500 shares of common stock. It is currently estimated that the initial public offering price will be between $15.00 and $17.00 per share. In addition, the selling stockholders will grant the underwriters a 30-day option to purchase up to an additional 1,087,500 shares from such selling stockholders. CCI has applied to list its shares on the New York Stock Exchange under the symbol "CCR."

J.P. Morgan Securities LLC and Keefe, Bruyette & Woods, Inc. are serving as joint book-running managers and as representatives of the underwriters for the offering. BMO Capital Markets Corp., SunTrust Robinson Humphrey, Inc., Wells Fargo Securities, LLC and BB&T Capital Markets, a division of BB&T Securities, LLC, are serving as co-managers for the offering.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained from either: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204; or Keefe, Bruyette & Woods, Inc., 787 Seventh Ave., 4th Floor, New York, New York 10019, Attention: Equity Capital Markets, or by calling (800) 966-1559.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.  This news release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Commercial Credit, Inc. Commercial Credit, Inc. is an independent commercial equipment finance and leasing company that through its wholly-owned, operating subsidiaries, Commercial Credit Group Inc. and CCG Equipment Finance Limited, provides secured loans and leases to small and mid-sized businesses in the construction, fleet transportation and waste industries.

Contact: E. Roger Gebhart Senior Vice President and Chief Financial Officer 227 West Trade Street, Suite 1450 Charlotte, NC 28202  (704) 944-2770

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SOURCE Commercial Credit, Inc.