Chesswood to repay two non-recourse asset-backed facilities

By Taylor Fox

New York, Sept. 30 – Chesswood Group Ltd. plans to repay subsidiary Pawnee Leasing Corp.’s two non-recourse asset-backed facilities with Capital One, Pawnee's warehouse facility and more than $100 million of Chesswood's corporate revolving credit facility, according to a news release.

The transactions will be funded using the $183 million proceeds from its second marketed U.S. securitization of receivables.

Chesswood is a commercial equipment finance company based in Toronto.

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