Blue Chip Leasing Related Content

Chesswood Reports Decline in Lease Modifications, Resumes Dividend Program

In Chesswood Group’s Q3/20 earnings report, Ryan Marr, president and CEO of the company, said that lease modifications declined in the quarter and that the company expects to resume paying dividends starting in November. read more

Chesswood Reports Decline in COVID-19 Related Deferrals at End of Q2

Chesswood Group, a North American commercial equipment finance provider for small and medium-sized businesses, reported its Q2/20 results and provided a COVID-19 update, noting that COVID-19 related deferrals declined and 66% of the company’s portfolio is made up of prime credits. read more

Chesswood COVID-19 Update: June Collections Up, Bank Facility Amended

Chesswood Group provided an update on the effects of COVID-19 on its business and banking activities. 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 25% Increase in Q1 Earnings; Sets NBV Record

Chesswood Group reported net income of $5.9 million in Q1/18, which was up more than 25% compared to $4.7 million a year earlier. Q1/18 originations were a record $94 million, up 19% compared to $79 million in Q1/17. 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

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 Announces Record Q1 Results, Cites Strong Originations

Chesswood Group announced Q1/16 net income was $12.2 million, up $8.7 million from $3.5 million in Q1/15. Chesswood said the first quarter was most notable for strong originations. read more

Blue Chip Leasing Names CFO, Co-Presidents

Blue Chip Leasing appointed Jenifer Cua chief financial officer and also named Marcelle Newstadt and Ramon Chait co-presidents. read more

Pawnee Leasing Registers 37% Q4/15 Originations Growth

In its Q4/15 earnings report, the Chesswood Group said that Pawnee Leasing had originations growth of 37% while Blue Chip Leasing recorded a 47% increase. read more

Chesswood Announces Offerings to Fund Blue Chip Deal

Chesswood Group announced a $28 million public offering and a concurrent $6 million private placement to fund part of the purchase price for Chesswood’s acquisition of Blue Chip Leasing and EcoHome Financial. read more

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