Barry Shafran Related Content

Chesswood’s Vendor Business, Tandem, Reaches $1MM in Q1 Originations

Chesswood announced Q1/19 results, including a 24% portfolio increase as well as the first $1 million in originations by its newly launched U.S. vendor finance business, Tandem Finance. read more

Chesswood Hires Sheehan to Lead New Equipment Financer Tandem Finance

Chesswood Group expanded its equipment finance footprint in the U.S. with the launch of Tandem Finance, a provider of financing for equipment purchases to small and medium sized businesses of all credit profiles. read more

Chesswood Reports $32.7MM Pre-Tax Income for 2018, Up 17% Y/Y

Commercial equipment finance provider Chesswood Group reported its results for the fourth quarter and year ended December 31, 2018. Finance receivables exceeded $900 million for the first time. read more

Pawnee Leasing Closes $250MM Warehouse Facility

Chesswood Group’s largest subsidiary, Pawnee Leasing, closed a $250 million warehouse facility to fund its growing prime portfolio. read more

Chesswood Reports Record Q2 Originations, Up 32% Year/Year

Chesswood reported gross finance receivables grew to C$804 million ($611.5 million) in Q2/18 driven by record originations of C$114 million ($86.7 million), a 31% increase from C$87 million ($66.2 million) in Q2/17. read more

Chesswood Reports Record Earnings Aided by Tax Recovery

In addition to benefiting from a $9.4 million tax recovery, Chesswood Group announced it enjoyed a record year by most financial measures including originations, total portfolio size, finance margin and operating income. read more

Chesswood Renews $250MM Revolving Credit Facility

Chesswood Group renewed its $250 million corporate revolving credit facility for a term of three years, expiring in December 2020. read more

Chesswood Renews $250MM Credit Facility, Redeems Debentures

Chesswood renewed its $250 million revolver for a term of three years and will redeem all $20 million of its outstanding debentures in January 2018. read more

Chesswood Reports Slight Q3 Earnings Dip Due to Windset Capital Wind Down

Chesswood Group reported Q3/17 operating earnings of $6.7 million compared to $7.2 million during the same quarter a year ago. read more

Pawnee Leasing, Chesswood Close First U.S. Securitization

Chesswood Group’s largest subsidiary, Pawnee Leasing, closed a new $75 million non-recourse asset backed facility with Capital One through its Pawnee Receivable Fund I LLC. read more

Newstadt to Lead Blue Chip Leasing as Sole President

Blue Chip Leasing, a division of Chesswood Group, appointed Marcelle Newstadt as sole president. read more

Chesswood Exits Working Capital Loans, Will Focus on Equipment Finance

Chesswood Group will discontinue operations of Windset Capital, its U.S. working capital loan subsidiary, effective September 26, 2016, in order to focus solely on equipment finance. read more

Chesswood Group Announces Proposed Sale of Acura Dealership

The Chesswood Group entered into a definitive agreement to sell its Acura dealership, Acura Sherway, in order to complete its transformation into a specialty finance company. read more

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