Chesswood Group Limited reported its results for the three months ended June 30. The company reported earnings of $9.7 million and record free cash flow generation of $15.71 million in the second quarter. That compared with earnings of $7.8 million...
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August 05, 2022, 07:07 AM
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Chesswood Group Limited, a publicly traded North American specialty finance company providing commercial equipment leases and loans, automotive loans, and home improvement financing, reported its results for the quarter ended March 31, 2022. Q1 2022...
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May 13, 2022, 07:20 AM
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Chesswood Group Limited, a publicly traded North American specialty finance company, and Waypoint Investment Partners Inc., a Toronto-based investment fund and private client investment manager, announced Chesswood and its wholly owned subsidiary...
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March 18, 2022, 07:14 AM
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Chesswood Group Limited and Rifco Inc., a Canadian alternative auto finance company, announced the successful completion of Chesswood's strategic acquisition of Rifco pursuant to the previously announced statutory plan of Arrangement under the...
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January 18, 2022, 07:13 AM
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Chesswood Group Limited, a publicly traded North American specialty finance company providing commercial equipment leases and loans, business loans and home improvement financing, reported its results for its third quarter ended Sept. 30."The third...
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November 08, 2021, 07:17 AM
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Rifco Inc., a Canadian alternative auto finance company, and Chesswood Group Limited, a publicly traded commercial equipment finance company focused on small and medium-sized businesses, announced they have entered into an arrangement agreement...
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October 28, 2021, 07:11 AM
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Chesswood Group Limited announced that its subsidiary Pawnee Leasing Corporation has closed its marketed U.S. securitization of receivables. Proceeds from this securitization totaled $356 million and will be used to repay Pawnee's warehouse facility...
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October 27, 2021, 07:20 AM
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Chesswood Group Limited, a publicly traded North American commercial equipment finance provider for small and medium-sized businesses, announced the formation of a consumer home finance unit, Vault Home Credit Corporation. Vault Home Credit...
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September 17, 2021, 07:17 AM
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Chesswood Group Limited, a publicly traded North American commercial equipment finance provider for small and medium-sized businesses, reported its results for its second quarter ended June 30."The second quarter of 2021 was further evidence of the...
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August 04, 2021, 07:20 AM
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Chesswood Group Limited announced it has completed the merger of its subsidiary Blue Chip Leasing with Vault Credit Corporation. Both organizations received the necessary approvals from their funding partners and are excited to serve the market under...
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May 07, 2021, 07:18 AM
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Chesswood Group Limited announced Lisa Stevenson is retiring as Chesswood's Chief Financial Officer on March 19. Tobias Rajchel, who is currently Chesswood's Vice-President Finance, will become Chesswood's interim CFO."We thank Lisa for her 21 years...
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March 11, 2021, 07:11 AM
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Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, reported its results for the third quarter and provided a COVID-19 update.The company reported net income of $7.5 million in the...
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November 12, 2020, 07:10 AM
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Chesswood Group Limited announced the closing by its subsidiary Pawnee Leasing Corporation of its second marketed U.S. securitization of receivables. Proceeds from this securitization were $183 million and will be used to repay Pawnee's two...
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October 01, 2020, 07:10 AM
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Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, reported its results for the second quarter and six months ended June 30, 2020 and provided a COVID-19 update.The company reported...
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August 10, 2020, 07:25 AM
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Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, announced that Barry Shafran, President and Chief Executive Officer, will be retiring on Aug. 31. Ryan Marr, who recently joined...
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July 01, 2020, 07:20 AM
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Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, provided an update on the effects of COVID-19 on its business and banking activities.What has been the extent of COVID-19 Related...
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June 23, 2020, 07:30 AM
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Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, reported its results for the first quarter ended March 31, and provided a COVID-19 update.The company reported a net loss of $14.1...
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May 14, 2020, 07:20 AM
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Chesswood Group Limited, has taken steps for the benefit of its businesses, based on what is known today and recognizing that it is in a rapidly changing environment:
Reduced its team by 31, to 119 from 150 team members;
Management throughout...
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April 22, 2020, 07:30 AM
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Chesswood Group Limited reported its results for the fourth quarter and year ended Dec. 31, 2019.“We had a record year of originations once again while our free cash flow, reduced by the $2.2 million of net expenses from our new startup Tandem...
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March 19, 2020, 07:10 AM
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Chesswood Group Limited announced the completion of the renewals of its two $250 million primary borrowing facilities. These two facilities are provided by two separate bank syndicates, including leading Canadian and American banks active in our...
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October 03, 2019, 07:25 AM
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Chesswood Group Limited reported its adjusted operating income for the second quarter was $6.02 million compared with $6.83 million in the second quarter 2018.This measures Chesswood’s operating income before the change in the allowance for credit...
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August 05, 2019, 06:00 AM
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Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, reported results for the first quarter.The company posted strong metrics in the quarter along with the launch of a new...
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May 15, 2019, 07:15 AM
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Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, reported its record third-quarter results for the period ended Sept. 30."Our third-quarter operating income of $9.4 million helped...
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November 12, 2018, 07:25 AM
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Chesswood Group, a North American commercial equipment finance provider for small and medium-size businesses, reported its second-quarter results for the period ended June 30.Chesswood's gross finance receivables grew to $804 million in the quarter...
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August 14, 2018, 07:23 AM
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Chesswood Group, a North American commercial equipment finance provider for small and medium-sized businesses reported its results for the first quarter ended March 31, 2018. The company generated record quarterly income before tax, along with strong...
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May 10, 2018, 07:25 AM
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Chesswood Group Limited announced that its largest subsidiary, Pawnee Leasing Corporation, has closed a new US$75 million non-recourse asset backed facility with Capital One, N.A. through its Pawnee Receivable Fund I LLC.The facility is secured by...
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October 17, 2017, 07:00 AM
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Blue Chip Leasing, a division of Chesswood Group Limited announced the appointment of Marcelle Newstadt as sole President. Newstadt started with Blue Chip in 2002 and has been directly responsible for the operations of the business over the last...
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August 17, 2017, 07:17 AM
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Chesswood Group Limited announced that Windset Capital Corporation, its U.S. working capital loan subsidiary, will discontinue accepting new loan applications from its brokers and independent sales organization network effective September 26, 2016...
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September 20, 2016, 07:18 AM
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Blue Chip Leasing Corporation announced the appointment of Marcelle Newstadt and Ramon Chait to the position of Co-Presidents. Marcelle and Ramon have extensive experience in the equipment leasing industry including long tenure with Blue Chip....
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April 05, 2016, 07:30 AM
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Chesswood Group Limited announced that it has entered into a definitive agreement to sell its EcoHome Financial Inc. ("EcoHome") subsidiary to Dealnet Capital Corp. for a purchase price of approximately $35.0 million.Commercial Finance...
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January 22, 2016, 07:12 AM
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Chesswood Group announced that it has entered into an agreement to acquire Blue Chip Leasing Corporation ("Blue Chip") and EcoHome Financial Inc. ("EcoHome").Blue Chip is a tenured, prime, small ticket equipment finance company serving brokers and...
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February 26, 2015, 07:15 AM
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