CIBC Innovation Banking Opens New Office in Austin

CIBC Innovation Banking has opened a new office in Austin, TX with Sara Johnson as managing director.

TD Supports FirstService Acquisition of Global Restoration

FirstService has completed its acquisition of approximately 95% of Global Restoration Holdings for a purchase price of approximately $505 million. TD Bank led a $890 million facility to support the transaction.

Scotiabank, Others Lead Pinnacle Facility Upsize to $530MM

Pinnacle Renewable has expanded its credit facility to $530 million with a syndicate of lenders led by the Bank of Nova Scotia, Bank of Montreal, Royal Canadian Bank and CIBC.

KeyBank Agents $100MM Revolver for Runway Growth Credit

Runway Growth Credit Fund entered into a credit agreement with KeyBank as administrative agent and CIBC Bank as a lender.

NAB, Leumi & CIBC Launch Online Innovation Portal

Bank Leumi of Israel, CIBC and National Australia Bank launched the Global Alliance Fintech Link, a global online portal developed to help drive client-focused innovation by facilitating collaboration between the banks and fintechs.

BofA Agents $500MM ABL Facility Extension for Resolute

Resolute Forest Products completed a five-year extension of its senior secured ABL revolver an aggregate lender commitment of up to $500 million at any time outstanding. Bank of America served as both administrative and collateral agent on the facility.

CIBC Appoints Barr Head of Business Development on U.S. ABL Team

Brandon Barr joined CIBC’s U.S. Asset-Based Lending team as head of Business Development/Strategy.

CIBC Provides $55MM Facilities to Lightspeed

Lightspeed POS entered into new credit facilities with CIBC, which include a $25 million demand revolving operating credit facility and a $30 million stand-by acquisition term loan.

CIBC Provides New $70MM ABL for Alcanna

Alcanna entered into a new senior secured $70 million asset-based revolving credit facility with Canadian Imperial Bank of Commerce acting as the sole lender.

Panico Joins CIBC Cleveland ABL Team

CIBC has added asset-based lending capabilities to its Cleveland office with the addition of Joe Panico as managing director of Business Development.