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

AUG 5, 2019 - 6:50 am

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

JUL 23, 2019 - 6:35 am

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

JUN 14, 2019 - 6:45 am

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

MAR 21, 2019 - 7:00 am

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

MAR 14, 2019 - 6:45 am

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

AUG 20, 2018 - 7:07 am

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

AUG 13, 2018 - 1:26 pm

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

MAY 10, 2018 - 7:50 am

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

MAR 13, 2018 - 6:17 am

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

MAR 6, 2018 - 6:06 am

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

DEC 13, 2017 - 6:34 am

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

NOV 9, 2017 - 6:20 am

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

OCT 16, 2017 - 8:20 am

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

AUG 30, 2017 - 7:16 am

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

DEC 1, 2016 - 6:22 am