Chesswood Group Related Content

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

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 Group Agrees to Sell EcoHome Financial

Chesswood Group, the parent company of Pawnee Leasing, entered into a definitive agreement to sell its EcoHome Financial subsidiary to Dealnet Capital for a purchase price of approximately $35.0 million. read more

Chesswood Reports Record Q3 Originations in the U.S. and Canada

Chesswood Group announced its results for the three and nine-months ended September 30. Of interest is that the equipment finance businesses Pawnee and Blue Chip registered record originations. read more

Chesswood Group Announces Proposed Sale of Acura Dealership

The Chesswood Group entered into a definitive agreement to sell its Acura dealership, Acura Sherway, in order to complete its transformation into a specialty finance company. 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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