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

NOV 12, 2020 - 7:22 am

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

OCT 1, 2020 - 7:07 am

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

AUG 11, 2020 - 6:53 am

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

JUL 1, 2020 - 6:38 am

Chesswood Group provided an update on the effects of COVID-19 on its business and banking activities. read more

JUN 24, 2020 - 6:44 am

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

MAY 14, 2020 - 6:55 am

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

APR 22, 2020 - 6:55 am

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

MAR 19, 2020 - 6:55 am

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

January 2019

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

NOV 14, 2019 - 6:40 am

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

OCT 3, 2019 - 6:40 am

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