Tag Archives: Canadian Imperial Bank of Commerce

CIBC Provides $100MM “Net Asset Value” Credit Facility to Sound Point Meridian

Sound Point Meridian Capital has entered into a $100 million “net asset value” revolving credit facility with Canadian Imperial Bank of Commerce (CIBC) as a lender and administrative agent, which may be increased up to $125 million pursuant to the terms thereof.

Bank of America Agents Upsized and Amended Credit Facility for Celestica

Celestica, a design, manufacturing, hardware platform and supply chain solutions company, has amended its existing senior secured credit agreement, with an upsizing of the total facility to $1.5 billion to support continuing growth.

J.P. Morgan and CIBC Provide $100MM Increase to Converge Technology Solutions’ Credit Facility

Converge Technology Solutions, a services-led, software-enabled IT & cloud solutions provider, increased its $500 million global revolving credit facility to $600 million under its accordion feature on its existing credit terms.

Lender Syndicate Amends Ritchie Bros.’ Credit Agreement to Support IAA Merger

Ritchie Bros. closed an amendment to its credit agreement with a syndicate of lenders to support the closing of its proposed merger with IAA. BofA Securities, RBC Capital Markets, Goldman Sachs and Wells Fargo Securities served as joint bookrunners for the agreement.

JP Morgan and CIBC Refinance Existing Facility to Provide $500MM Financing to Converge

Converge Technology Solutions refinanced its existing $300 million ABL credit facility with a new five-year, $500 million global revolving credit facility led by J.P. Morgan and Canadian Imperial Bank of Commerce as joint lead arrangers.