Canadian Imperial Bank of Commerce Archives

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.

Canadian Imperial Bank of Commerce Expands Capstone Copper’s Revolver to $500MM

Capstone Copper closed the amendment and extension of its corporate revolving credit facility from $225 million to $500 million plus a $100 million accordion and extended the facility by four years. The Canadian Imperial Bank of Commerce is the administrative agent for the facility.

Bank of America Leads Expansion of Celestica’s Credit Facility

Celestica enhanced its current credit facility, including an expansion of its borrowing capacity with improved terms. Bank of America is acting as administrative agent for the syndicate of banks providing the expansion.

December 7, 2021 Bank of America | Bank of Nova Scotia | BofA Securities | Canadian Imperial Bank of Commerce | Celestica Phil Neuffer

TD Bank Arranges Update to AirBoss of America’s Credit Facilities

AirBoss of America updated its senior secured credit facilities with an expanded syndicate of banks. TD Bank served as sole lead arranger for the facilities, which were updated to increase the revolving credit availability to $250 million, among other changes.

Royal Bank of Canada Amends and Extends ISC’s $150MM Credit Facility

Information Services Corporation entered into an amended and extended credit agreement in connection with a $150 million secured credit facility. Royal Bank of Canada is the administrative agent for the facility.

September 21, 2021 Canadian Imperial Bank of Commerce | Information Services Corporation | RBC Capital Markets | Royal Bank of Canada Ian Koplin

CIBC Agents $200MM Revolving Credit Facility for RF Capital Group

RF Capital Group secured a $200 million revolving credit facility with a syndicate of lenders led by Canadian Imperial Bank of Commerce. The facility includes an accordion provision that will enable the company to request increases in the total commitment.

National Bank of Canada, CIBC, Bank of Nova Scotia and BMO Increase Maverix’s Facility

Maverix Metals amended its revolving credit facility and increased the amount available by $40 million to $160 million. The syndicate of banks providing the facility include National Bank of Canada, Canadian Imperial Bank of Commerce, The Bank of Nova Scotia and Bank of Montreal.

Royal Bank of Canada Transitions Western Forest Products’ Credit Facility to ESG-Linked Facility

Western Forest Products transitioned its current credit facility into a $250 million sustainability-linked credit facility. Royal Bank of Canada acted as sole bookrunner, co-lead arranger, administrative agent and sustainability structuring agent for the facility.

CIBC, Desjardins and Investissement Québec Upsize Facilities by $21MM for Goodfood Market

Canadian Imperial Bank of Commerce, Desjardins Capital Markets and Investissement Québec expanded credit facilities by $21 million for Goodfood Market, an online Canadian grocery and meal kit company.

February 18, 2021 Canadian Imperial Bank of Commerce | Desjardins Capital Markets | Goodfood Market | Investissement Québec | Jonathan Ferrari Phil Neuffer

BMO, CIBC, Concentra Increase PharmHouse’s Debt Facility by $10MM

The Bank of Montreal, the Canadian Imperial Bank of Commerce and Concentra Bank amended PharmHouse’s syndicated credit facility to provide an additional $10 million of secured debt financing. BMO acted as agent and lead lender for the facility.

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