CGCF funds $15.2MM equipment operating lease without reviewed financials and without requiring a guarantee from the near investment grade Fortune 500 parent company.
Lessee: Subsidiary of $29 billion Oil Company based in Texas. The company provides unparalleled technical expertise and superior local services with innovative solutions that meet the complex chemical challenges of the oil and gas industryTransaction: $15MM in multiple schedules over the past 8 months Competition: Multiple banks and In-house captive equipment finance companies Highlights: CG Commercial Finance provided funding for small subsidiary company without reviewed financials while also not requiring a guarantee from the parent company. Prior to awarding the transaction to CGCF, the Lessee had attempted to work with numerous large national banks and, even though the Lessee’s parent company was a near investment grade credit, most of the banks declined.
We work with onshore and offshore oil & gas companies of all sizes and types: privately held, publically traded and those supported by private equity sponsors.Whether you are a company running a few frac spreads and focused on growth or one of the major service companies with a capex budget >$1Bn seeking low interest rates, if you make your living in oil & gas, we are the lender for you.