The process of selling chess wood and requesting to attract investments through Investing.com

toronto, December 30, 2024 /PRNewswire/ – FTI Consulting (NYSE:) Canada Inc.as a court-appointed observer (in this capacity,a screen“) from Chasewood Group Limited, Kiss Finance Company, CHESWOOD HOLDINGS LIMITED, Chesswood US Acquisitionco Limited., Pawnee Rental Company, RENT AND PROFIT COMPANY LIMITED, Windset Capital Corporation, Tandem Finance, Inc, Chasewood Capital Management, Chasewood Capital Management USA Inc., Refco National Auto Finance Corporation, Revco company, Waypoint Investment Partners And 1000390232 Ontario company (collectively)CCAA Parties“) According to Ranking of corporate creditors Act, RSC 1985, c. C-36, as amended (“CCAA“), the sales and investment solicitation process is underway (“SISP“) in relation to certain CCAA Parties. The SISP aims to solicit interest in and opportunities for: (i) one or more sales or partial sales of all or substantially all or certain portions of their assets or business operations; and/or (ii) Investing in the restructuring, recapitalization, refinancing or other form of reorganization of the applicable CCAA parties or their business operations, or any combination thereof.

on October 29, 2024the Ontario Superior Court of Justice (commercial list)court“) issued a preliminary order under the CCAA with respect to the parties to the CCAA (“Initial order“Proceedings under the CCAA were thus commenced,”CCAA procedures“), which were subsequently amended and restated. The CCAA proceedings have been recognized as foreign main proceedings by a final order issued by US Bankruptcy Court For an area Delaware (the “we court“) pursuant to Chapter 15 of Title 11 of the United States Code (such proceedings are in court we “court”Chapter 15 Procedures“).

The SISP and related bidding procedures were approved by the court pursuant to the SISP Approval Order dated December 19, 2024made in CCAA procedures (“SISP approval order“). The SISP and related bidding procedures define the manner in which interested parties may be given the opportunity to participate in the SISP and submit bids, including receipt of a process summary describing the opportunity and access to the virtual data room following execution of a non-disclosure agreement (“).National Democratic Rally“) acceptable to the Controller. All interested parties are encouraged to submit offers based on any form of opportunity they may choose to apply in accordance with the SISP.

Interested parties wishing to bid in the SISP must submit a non-disclosure agreement executed in accordance with the SISP. Final binding offers are due no later than 5:00 pm (Eastern Standard Time) at January 20, 2025unless extended in accordance with the terms of the SISP. Interested parties should consult SISP for information regarding deadlines and other important processes thereunder.

Those interested in participating in SISP may contact the Superintendent for additional information at:

Copies of the Initial Order, the Amended and Restated Initial Order, the SISP Approval Order, the SISP, and related materials may be obtained from the Controller's website at: http://cfcanada.fticonsulting.com/Chesswood/.

About CHESWOOD GROUP LIMITED

Chesswood Group Limited is Toronto, Canada A based holding company whose subsidiaries are engaged in specialized financing (including equipment financing throughout… north america Vehicle financing and financing the legal sector in Canada), as well as creating and managing private credit alternatives for investors in North America.

Notice Regarding Forward-Looking Statements

Information contained in this press release that is not current or historical factual information may constitute forward-looking information within the meaning of the securities laws. This information implicitly includes assumptions regarding our future operating results. Although these assumptions are considered reasonable by the parties to the CCAA at the time of preparation, they may be incorrect. Readers are cautioned that the actual performance of the CCAA Parties is subject to a number of risks and uncertainties, including with respect to the results of the SISP, the CCAA Proceedings, the Chapter 15 Proceedings, and any potential recovery for stakeholders of the CCAA Parties, and results may differ materially from what is currently expected as described above.

The forward-looking information contained in this press release is based on our current estimates, expectations and projections, which we believe to be reasonable as of the current date. You should not give undue importance to forward-looking information and should not rely on such information as of any other date. Although we may choose to do so, we are neither obligated nor undertake to update this information at any particular time, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.