Extendicare entered into a new senior secured credit facility for $275.0 million with a syndicate of Canadian chartered banks, for a term of three years. Canadian Imperial Bank of Commerce is the Administrative Agent, while CIBC and Bank of Montreal...
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November 12, 2024, 08:10 AM
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CIBC Innovation Banking has appointed Paul McKinlay and Patrick Martin as Executive Managing Directors and Co-Heads, effective November 1, 2024, as Mark Usher retires from his position as President and Executive Managing Director.CIBC Innovation...
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November 04, 2024, 08:05 AM
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CIBC President and CEO Victor Dodig announced senior leadership appointments that position the bank to continue executing on its client-focused strategy and build on its momentum in creating sustainable value for all stakeholders."We're driving...
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September 09, 2024, 07:55 AM
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Sound Point Meridian Capital, a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended, entered into a $100 million “net asset value” revolving credit facility with...
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July 11, 2024, 07:04 AM
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CIBC President and CEO Victor Dodig announced senior leadership appointments to support the bank's continued execution of its client-focused strategy, deepen its leadership capabilities and enable continued business momentum."Across our bank, we have...
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March 08, 2024, 08:02 AM
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CIBC Innovation Banking provided growth financing to Drips Holdings, LLC (Drips), an Akron, Ohio-based conversational outreach company that helps organizations orchestrate large scale 1:1 conversations precisely at critical moments in the customer...
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February 29, 2024, 07:30 AM
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Arevon Energy, a renewable energy developer, owner, and operator, has secured more than $1 billion in aggregate financing commitments for its Eland 2 Solar-plus-Storage Project in Kern County, California. The 374 megawatt (MWdc) solar project coupled...
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February 22, 2024, 07:00 AM
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Trident Royalties Plc announced that, following the announcement on 29 November 2023, the Company has now signed the facility agreement with BMO Capital Markets and CIBC for a new US$40 million revolving credit facility (the "RCF"), with an option to...
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February 19, 2024, 07:05 AM
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CIBC announced the promotion of Brandon Barr to Asset-based Lending (ABL) Group Head. In this new role, Barr is responsible for providing strategic guidance on portfolio related matters and evaluating new business segments, in addition to managing...
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February 08, 2024, 08:00 AM
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WELL Health Technologies, a digital healthcare company, closed the refinancing of a new credit facility for its subsidiary, WELL Health USA led by JPMorgan Chase Bank.The newly refinanced credit facility matures in three years and carries a floating...
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January 31, 2024, 07:56 AM
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CIBC added Ron Kerdasha, a business development officer with over 30 yeasrs of industry experience, as a new business development officer to its Asset-Based Lending team, furthering their commitment to serving middle market clients across the US. In...
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September 07, 2023, 07:40 AM
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CIBC announced that Cindy Jamroziak, managing director and senior underwriter, has joined its Asset-based Lending (ABL) team.Jamroziak brings more than 30 years of industry experience to CIBC’s ABL underwriting team. She will support the ABL group’s...
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July 26, 2023, 06:00 AM
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CIBC announced Chris Saldana has moved into business development role for CIBCs US Asset-based Lending team. Prior to joining CIBC as a underwriter in 2022, he served as regional executive leading Southwest originations at First Business Capital...
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June 07, 2023, 07:07 AM
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CIBC hired Evan Swank as a managing director and business development officer for its Asset-Based Lending team, signaling the bank’s continued commitment to providing customized lending solutions to its clients. In his role, Swank will be responsible...
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May 16, 2023, 07:01 AM
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CIBC President and CEO Victor Dodig announced senior leadership appointments to further the bank's client-focused strategy.The following leadership changes are effective November 1, 2022:Mike Capatides, Senior Executive Vice-President and Group Head...
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October 06, 2022, 08:02 AM
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CIBC announced Ramsey Naber, managing director and business development officer, has joined its Asset-based Lending team in the Western Region.In his role, Naber will be responsible for new deal originations and relationship development in the...
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September 27, 2022, 07:58 AM
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CIBC announced its new Junior Debt Lending & Advisory team within the bank's US Commercial Banking group. This marks its 17th specialty banking area. The new team follows its addition of an Equipment Finance team in January."Our clients require the...
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March 22, 2022, 07:28 AM
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CIBC Innovation Banking announced $12 million of growth financing for Dublin-based Phorest Salon Software (“Phorest”), a leading provider of online booking and management software for salon owners. Phorest will use the capital to expand its market...
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March 07, 2022, 07:35 AM
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CIBC Innovation Banking provided financing solutions, including a capital call line of credit, to Graphite Ventures (Graphite), a $100-million fund focused on seed-stage investments and extensions, through to the rights for Series A rounds. The...
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February 23, 2022, 07:07 AM
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CEMATRIX Corporation entered into a new credit facility that provides for a $5 million secured revolving operating line with the Canadian Imperial Bank of Commerce (“CIBC”). The credit facility is undrawn as of today’s date.“We are very pleased to...
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February 09, 2022, 07:05 AM
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CIBC Innovation Banking provided a $100 million credit facility to Portland-based Expensify, a payments superapp that helps individuals and businesses around the world simplify the way they manage money. This funding, provided in October 2021, will...
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February 08, 2022, 07:42 AM
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Resolute Forest Products announced a reset of the five-year maturity of its senior secured asset-based revolving credit facility ("ABL credit facility") with an aggregate lender commitment of up to $450 million at any time outstanding, subject to...
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December 16, 2021, 07:40 AM
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Cannara Biotech, a vertically integrated producer of premium-grade cannabis and derivative products with two mega cultivation facilities based in Québec spanning over 1,650,000 sq. ft., announced the refinancing and upsizing of its current bank...
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December 02, 2021, 07:50 AM
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CIBC Innovation Banking announced the expansion of its New York City office with a series of new hires and promotions, as the group continues its strategic growth in key technology, life science, and clean tech markets in North America and the...
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November 23, 2021, 08:07 AM
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CIBC Innovation Banking announced a debt facility of $50 million for Atlanta and Indianapolis-based Terminus Software (“Terminus”), a leading account based marketing platform. Terminus will use the capital to aid in M&A transactions, international...
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November 02, 2021, 08:50 AM
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Mullen Group Ltd. entered into a new credit agreement with Canadian Imperial Bank of Commerce ("CIBC"). The CIBC Credit Facility is a $100.0 million revolving demand credit facility to finance the Corporation's general operating requirements...
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October 01, 2021, 07:07 AM
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CIBC Innovation Banking provied a $15 million acquisition credit facility to Pennsylvania-based Blue Cloud Pediatric Surgery Centers (“Blue Cloud”), a leading provider of pediatric dental services in ambulatory surgical centers across the country....
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September 30, 2021, 07:40 AM
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CIBC Innovation Banking announced the opening of its new office in London to support the ambitions of UK-based entrepreneurs and their Venture Capital-backers by providing growth capital across a number of innovation ecosystems.Since the launch of...
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September 28, 2021, 07:32 AM
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Peerage Realty Partners completed approximately C$175 million (USD$139.2 million), three-year revolving credit facilities.The revolving credit facilities also provide access to additional financing of approximately C$75 million on an uncommitted...
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August 10, 2021, 07:00 AM
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CIBC Innovation Banking provided a $5 million credit facility to Nevada-based Karbon Inc., which provides industry-leading practice management software for accounting firms. The company plans to use the facility to support its hiring plans and...
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August 06, 2021, 07:34 AM
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SSR Mining amended its existing undrawn revolving credit facility on favorable terms, increasing the Facility size from US$75 million to US$200 million. The new Facility includes an upsized accordion feature from US$25 million to US$100 million and...
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June 08, 2021, 07:45 AM
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GURU Organic Energy, Canada’s leading organic energy drink brand, entered into a three-year committed $10 million credit facility with the Canadian Imperial Bank of Commerce (“CIBC”), replacing its current facilities.“This credit facility with...
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April 22, 2021, 07:28 AM
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CIBC Innovation Banking provided a $10 million credit facility for New York-based MayStreet Inc., an industry-leading market data technology and content provider. The credit facility is available to help the rapidly growing fintech firm further scale...
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March 25, 2021, 08:05 AM
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Victoria Gold Corp. entered into a credit agreement with a syndicate of banks, comprised of Bank of Montreal, as Joint Bookrunner, Co-Lead Arranger and Administrative Agent, CIBC, as Joint Bookrunner and Co-Lead Arranger, and BNP Paribas, as Co-Lead...
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December 22, 2020, 08:00 AM
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Next Edge Capital Corp. (Next Edge Capital) announced the closing of a revolving credit facility for $47,500,000 with CIBC and NELI Canada LP, a special purpose funding vehicle utilized by the Next Edge Private Debt Fund.Next Edge Capital is an...
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October 31, 2019, 08:40 AM
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sPower, a leading renewable energy Independent Power Producer (IPP), announced that the company closed on the debt financing and tax equity commitment for Prevailing Wind Park, in Bon Homme, Charles Mix and Hutchinson Counties in South Dakota.Lenders...
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September 23, 2019, 08:00 AM
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CIBC announced Mike Williams joined as Managing Director, CIBC Bank USA in Chicago responsible for business development in the Midwest for Asset-Based Lending.
Williams brings 20 years of Asset-Based Lending related experience. Most recently, he...
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June 20, 2018, 07:09 AM
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Superior Plus Corp. announced that it has entered into an agreement with NGL Energy Partners LP to acquire all of the outstanding equity interest in NGL Propane, LLC, NGL Energy’s retail propane distribution business, for total cash consideration of...
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May 31, 2018, 08:00 AM
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HomEquity Bank announced that it has secured a $120 million senior revolving credit facility, secured by a portfolio of reverse mortgages. This Facility has been provided by a syndicate of five leading lenders and is renewable annually. CIBC served...
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August 29, 2017, 07:00 AM
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The PrivateBank announced it has extended a $9.125 million credit facility to City Wholesale, Inc., a wholesale distributor of tobacco, candy and groceries, based in Birmingham, AL.The PrivateBank is a part of PrivateBancorp, Inc., and delivers...
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November 16, 2016, 07:06 AM
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CIBC announced that it has entered into a definitive agreement to acquire PrivateBancorp, Inc. and its subsidiary, The PrivateBank, a high-quality Chicago-based middle market commercial bank with U.S.$17.7 billion in assets, complemented by private...
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June 30, 2016, 07:52 AM
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Catalyst Paper Corporation announced the amendment of its asset-based lending credit facility. The amendment included an increase of the maximum revolving credit commitments by $25 million to $250 million. The ABL facility lenders are CIBC as...
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May 10, 2016, 07:33 AM
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Danier Leather Inc. has entered into a third amended and restated credit agreement with its existing lender Canadian Imperial Bank of Commerce, which converts the company's existing operating and revolving credit facilities into a senior secured...
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August 28, 2015, 07:53 AM
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Silver Standard Resources announced the closing of a new $75 million senior secured revolving credit facility. The Canadian Imperial Bank of Commerce acted as the sole lead arranger, sole bookrunner and as administrative agent in connection with the...
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August 05, 2015, 07:08 AM
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Bridging Finance announced that Dennis McCluskey has joined the company as Senior Advisor to its executives and as a member of the Credit Committee. In this role, McCluskey will advise on the origination, structuring and adjudication of credit...
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April 29, 2015, 07:09 AM
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Bri-Chem Corp., a leading North American wholesale distributor and manufacturer of oil and gas drilling fluids and steel pipe,has increased and extended its Asset Based Lending Facility ("ABL Facility") by $10 million from $80 million to $90 million...
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November 21, 2013, 07:53 AM
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