Chesswood Group Related Content

Chesswood Reports $8MM in Adjusted Income for Q2/2019

Commercial equipment finance provider Chesswood Group reported its results for the second quarter of 2019. Adjusted operating income for the second quarter was $8 million. read more

Pawnee Leasing Receives New Facility from Sun Life

Sun Life Assurance Company of Canada closed a new funding facility with Chesswood Group’s subsidiary Pawnee Leasing. read more

Pawnee Leasing Adds Mennitt as Business Development Rep

Pawnee Leasing hired Branden Mennitt as a business development representative in the company’s eastern territory. 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 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

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

Chesswood Increases Revolver to Support Growth of Pawnee Leasing

Chesswood Group exercised the remaining $50 million accordion feature in its existing revolver to support continued growth in its Pawnee Leasing portfolio. read more

Chesswood Expands Bank Credit Facility to $170MM

Chesswood Group, with equipment finance businesses that include Pawnee Leasing and BlueChip Leasing, increased its revolving credit facility to $170 million with a lender group led by Royal Bank of Canada. read more

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