CIBC Archives - ABFJournal

CIBC and Others Deliver Term Loan and Revolver as Part of $580MM Debt Capital Raise by Conterra

Conterra Ultra Broadband, a provider of fiber-optic network-based infrastructure and services, completed a debt capital raise totaling $580 million, including a term loan and revolving credit facilities being provided by CIBC, National Bank of Canada, NordLB, SMBC and Export Development Canada.

CIBC Announces Senior Executive Appointments

As part of a slew of senior executive appointments, CIBC named Hratch Panossian senior executive vice president and head of personal and business banking, while Robert Sedran will assume the role of senior executive vice president and CFO and join the bank’s executive committee.

March 8, 2024 CIBC | Hratch Panossian | Robert Sedran | Victor Dodig Phil Neuffer

CIBC Promotes Barr to Head of Asset-Based Lending Group

CIBC promoted Brandon Barr to asset-based lending group head. Barr, who joined CIBC in 2011, previously served as head of business development and strategy for the bank’s ABL group.

February 8, 2024 Brandon Barr | Bruce Hague | CIBC | CIBC Bank USA Brianna Wilson

KeyBank Agents $300MM Credit Facility for DMC Global

DMC Global, an owner and operator of manufacturing businesses, closed a five-year, $300 million senior secured credit facility consisting of a $200 million revolving credit facility, a $50 million term loan and a $50 million delayed-draw term loan. KeyBank is serving as administrative agent for the facility.

JPMorgan Chase Refinances WELL Health USA’s $300MM Credit Facility

Digital healthcare company WELL Health Technologies closed the refinancing of a $300 million credit facility for its subsidiary, WELL Health USA, led by JPMorgan Chase Bank.

Syndicate of Lenders Amends Victoria Gold’s Secured Loan Facility

Victoria Gold further amended its secured debt agreement, dated Dec. 18, 2020, as amended Dec. 20, 2021, June 16, 2022 and Feb. 17, 2023. The loan facility is comprised of a term loan and a revolving credit facility.

CIBC Expands Revolving Credit Facility with Capstone Copper to $700MM, Extends Maturity to 2027

Capstone Copper amended its existing revolving credit facility to increase the aggregate commitments from $600 million to $700 million and extend the maturity from May 2026 to September 2027.

September 26, 2023 Bank of Nova Scotia | Capstone Copper | CIBC | ING Bank | Raman Randhawa Ian Koplin

CIBC Adds Kerdasha as Senior Business Development Officer for Asset-Based Lending Team

CIBC hired Ron Kerdasha as a managing director and senior business development officer for its asset-based lending team. Kerdasha has more than 30 years of experience. Prior to CIBC, Kerdasha served as a regional group head for Fifth Third Business Capital in the Northeast.

September 7, 2023 CIBC | Ron Kerdasha Phil Neuffer

CIBC Hires Swank for Asset-Based Lending Team

CIBC hired Evan Swank as a new business development team member for its asset-based lending team. Swank joined the team as a managing director and business development officer with more than a decade of industry experience.

May 16, 2023 CIBC | Evan Swank Ian Koplin

Truist Provides $75MM Credit Facility to Channel

Channel, a provider of equipment financing and working capital solutions, entered into a new $75 million credit facility with Truist. The $75 million commitment provides financing for both working capital and equipment finance originations.

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