Sun Life Provides Up to $80MM Facility to Pawnee Leasing
Sun Life Assurance Company of Canada closed a new funding facility with Pawnee Leasing, a subsidiary of the Chesswood Group.
Sun Life Assurance Company of Canada closed a new funding facility with Pawnee Leasing, a subsidiary of the Chesswood Group.
Pawnee Leasing, the largest subsidiary of the Chesswood Group, completed a $250 million warehouse facility led by Royal Bank of Canada.
Toronto-based Chesswood Group’s subsidiary Pawnee Leasing closed a new S$75 million non-recourse asset-backed facility with Capital One. This is the company’s first U.S.-based securitization.
The Chesswood Group has exercised the $50 million accordion feature in its existing revolver with a bank syndicate led by Royal Bank of Canada to support the continued growth of its Pawnee Leasing portfolio.
Chesswood Group exercised $30 million of the $80 million accordion feature in its existing revolver with a group of banks led by Royal Bank of Canada.