CIBC ABL closed four new transactions, totaling $107 million, in November and December 2024.
In November 2024, CIBC ABL provided a $10 million revolving line of credit to a sponsor-backed manufacturer of metal components based in the Midwest Region. The facility will support the company’s ongoing working capital needs. Additionally, CIBC ABL closed a $12 million revolving line of credit and $5 million senior term loan with a family-owned distributor of educational and recreational products. Both transactions were won through advisor-led processes with long-standing partners.
In December, CIBC ABL provided a $35 million revolving line of credit and $20 million senior term loan to a manufacturer of flooring installation products. The transaction will support a West Coast-based sponsor’s acquisition and corporate carve out. Additionally, the team partnered with a sponsor-backed contract manufacturer based in the Mid-Atlantic/Northeast Region, closing a $25 million revolving line of credit. The facility will refinance the company’s existing debt and support ongoing working capital and growth.
