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.
sPower closed on the debt financing and tax equity commitment for Prevailing Wind Park based in in South Dakota. HSBC and CIBC are lenders for the approximately $319 million construction/term facility are.