10:30 AM EST - Chesswood Group Limited : Announced today that its largest subsidiary, Pawnee Leasing Corporation, has closed a $250-million U.S. warehouse facility specifically to fund Pawnee's growing prime portfolio. The warehouse facility will hold Pawnee's prime receivables before they are securitized and provides an improved cost of capital and better advance rate than the Company's revolving facility, which was primarily structured for non-prime commercial leases and loans and will continue to be utilized for those originations. Chesswood Group Limited
shares T.CHW are trading up $0.36 at $12.54.
