Pawnee Leasing 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 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 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

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

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

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

Pawnee Leasing Adds New Regional Business Development Rep

Pawnee Leasing named Nate Landsgaard an additional business development representative. Landsgaard has served as a credit analyst for Pawnee since 2016. 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

Pawnee Leasing Adds Business Development Manager

Pawnee Leasing named Dana Freeman as an additional business development manager. 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

Top Five Printing Equipment Lenders Account for 68.2% of January Total

The top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 107 printing equipment related filings during the month of January 2018. read more

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