Pawnee Leasing Corporation (“Pawnee”), the largest subsidiary of Chesswood Group Limited (TSX: CHW) (“Chesswood” or the “Company”)has closed a follow-on US$50 million non-recourse asset backed facility with Capital One, N.A., which closed on May 21, 2018, through its Pawnee Receivable Fund I LLC.
Established in 1982, Pawnee specializes in equipment leasing and financing for assets up to US$200,000, for a wide range of credit profiles from small businesses in the A, B, and C credit market segments.
Bryant Park Capital acted as exclusive placement agent and financial advisor for Pawnee in this transaction.
About Chesswood Group Limited
Through two wholly-owned subsidiaries in the U.S. and Canada, Chesswood Group Limited is North America’s only publicly-traded commercial equipment finance company focused on small and medium-sized businesses. Our Colorado-based Pawnee Leasing Corporation, founded in 1982, finances a highly diversified portfolio of commercial equipment leases and loans through established relationships with over 600 independent brokers in the lower 48 states. In Canada, Chesswood’s Blue Chip Leasing Corporation has been originating and servicing commercial equipment leases and loans since 1996, and today operates through a nationwide network of more than 50 independent brokers.
Based in Toronto, Canada, Chesswood’s shares trade on the TSX under the symbol CHW (convertible debentures: CHW.DB).
To learn more about Chesswood Group Limited, visit www.ChesswoodGroup.com. The separate website of Chesswood Group Limited’s operating businesses are at www.pawneeleasing.com and www.bluechipleasing.com.