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Chesswood Group Limited

11:28 AM EST - Chesswood Group Limited : Announced the closing by its subsidiary Pawnee Leasing Corporation of its first marketed U.S. securitization for Pawnee's prime receivables. Proceeds from the $254-million U.S. securitization will be used to pay down Pawnee's recently renewed revolving warehouse line and to reduce the outstanding balance of Chesswood's recently renewed senior revolving credit facility. Chesswood Group Limited shares T.CHW are trading up $0.12 at $9.67.