CG COMMERCIAL FINANCE COMPLETES $4.5MM CAT DRILL EQUIPMENT LEASE FOR FORTUNE 100 COMPANY

(Irvine, CA) 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.

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.