Tandem Finance promoted Mike Bardwell to vice president and general manager of its transportation and construction segments.
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.
Chesswood Group expanded and renewed its revolving credit facility with a syndicate of six banks led by the Royal Bank of Canada.
Chesswood entered into a $150 million revolver with a bank group led by Royal Bank of Canada. BBVA Compass was said to be syndication agent for the group that included Canadian and U.S. financial institutions.
Chesswood Group announced that it launched a working capital loan business, Windset Capital, headquartered in Salt Lake City, to provide working capital loans to tenured small businesses throughout the U.S.