Castlelake and Chesswood Group entered an agreement for the forward purchase of diversified equipment loan and lease receivables originated by Chesswood subsidiaries Pawnee Leasing and Tandem Finance. read more

MAR 17, 2022 - 5:55 am

Chesswood Group reported that its U.S equipment finance segment increased interest revenue on leases and loans by $2.7 million in 2021 compared with 2020. In addition, its Canadian equipment financing segment generated a year-over-year increase in revenue of $17.6 million. read more

MAR 10, 2022 - 6:50 am

Chesswood Group’s U.S. equipment finance segment (Pawnee Leasing and Tandem Finance) reported interest revenue on leases and loans of $24.3 million and ancillary and other income of $3.1 million, a total increase of $3.6 million period over period. read more

NOV 8, 2021 - 6:24 am

Pawnee Leasing, a subsidiary of Chesswood Group, closed its $356 million marketed U.S. securitization of receivables. read more

OCT 27, 2021 - 6:19 am

Chesswood Group formed a consumer home finance unit, Vault Home Credit, and named Tobias Rajchel chief financial officer. Rajchel has been serving as interim Chief Financial Officer since March 2021. read more

SEP 17, 2021 - 6:35 am

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 is temporarily suspending its monthly dividend as part of a broader initiative to draw on its revolving credit facility to resume funding new business in the U.S. Ryan Marr joined as an advisor to help design and implement new funding strategies for our businesses. read more

MAY 19, 2020 - 7:00 am