CIBC expanded its U.S. asset-based lending capabilities in Buffalo, NY, by naming Nathan Love managing director of business development. Love joined CIBC from PNC Business Credit.
A lending syndicate led by Bank of Montreal expanded Pure Sunfarms’ credit facility to its full C$59 million ($43.41 million) capacity with the completion of the facility’s accordion feature. The syndicate also includes Farm Credit Canada and CIBC.
CIBC promoted Alan Spurgin to head of U.S. Innovation Banking, a full-service lending team that delivers strategic advice and funding to technology and innovation clients.
Next Edge Capital closed a revolving credit facility for $47.5 million with CIBC1 and NELI Canada LP2, a special purpose funding vehicle utilized by the Next Edge Private Debt Fund.
Badger Daylighting and its subsidiaries have increased their senior secured credit facility with a group of five lenders from $145 million to $300 million, with TD Bank as administrative agent.
Detour Gold has amended its existing credit agreement to provide for a new $400 million senior secured revolving credit facility, with an accordion option allowing the company to increase the size of the facility by another $100 million to a total amount of $500 million.