Chesswood Group 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’s Pawnee Leasing Closes Second Marketed Securitization at $183MM

Chesswood Group’s subsidiary Pawnee Leasing closed its second marketed U.S. securitization of receivables. Proceeds from this securitization were $183 million and will be used to repay Pawnee’s two non-recourse asset-backed facilities with Capital One, among other purposes. 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 Changes Senior Management, CEO Shafran to Retire

Chesswood’s president and CEO, Barry Shafran, is retiring and Ryan Marr will assume his position. Ed Sonshine rejoined the board of directors and David Obront stepped down. 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 C$19.8MM Q1/20 Net Income Loss, Provides COVID-19 Update

Chesswood Group reported a net loss of C$19.8 million ($14.06 million) in Q1/20 and provided a COVID-19 update. read more

Chesswood Reduces Staff & Salaries in Response to COVID-19

Chesswood Group made a temporary change in its monthly dividend and announced other measures to deal with COVID-19, including reductions to staff and management salaries. read more

Chesswood Reports Record Originations of $442MM & $1B Portfolio in 2019

Chesswood Group reported its 2019 results, including record-breaking originations of $442 million and a portfolio of $1 billion. read more

Chesswood Group Limited: The Journey from New Car Leasing to a Public Equipment Finance Business

Barry Shafran

From Chesswood’s original roots in the new car automotive retail and leasing space in Canada in the late 1990s, sprung Chesswood Income Fund (later Chesswood Group), in May 2006. As part of the simultaneous transaction of becoming Chesswood, a publicly... read more

Chesswood Reports $2.977MM in Net Income for Q3/19

Chesswood Group released its results for the third quarter and nine-months which ended on September 30, 2019. read more

Pawnee Leasing Renews $250MM Facility Led by RBC

Pawnee Leasing renewed a $250 million warehouse facility as part of a larger renewal by Chesswood Group of its two primary borrowing facilities. Both facilities were led by Royal Bank of Canada. read more

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

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