Franklin Capital completed a $750,000 factoring facility for a chilled packaging company referred by bank in Chicago.
CIBC completed a minority investment in Loop Capital, a Chicago headquartered financial services firm providing investment banking, brokerage, asset management and wealth management services.
SSR Mining amended its existing undrawn revolving credit facility, increasing the facility size from $75 million to $200 million. CIBC acted as the sole lead arranger, sole bookrunner and administrative agent in connection with the amended credit facility.
Concurrent with its acquisition of CRH Medical, WELL Health Technologies entered into an amended senior secured credit arrangement with up to $300 million of available credit. JPMorgan, CIBC and HSBC Bank Canada led the syndicate of lenders providing the facility.
CIBC joined RMI’s Center for Climate-Aligned Finance as a strategic partner. According to CIBC, it is the first Canadian bank to partner with the center’s efforts to align financial decision-making with the long-term decarbonization of the real economy.
Bank of Montreal acted as joint bookrunner, co-lead arranger and administrative agent; CIBC acted as joint bookrunner and co-lead arranger; and BNP Paribas acted as co-lead arranger on a $200 million debt facility for Victoria Gold.
A syndicate of banks led by the Canadian Imperial Bank of Commerce provided a $140 million revolving credit facility to Converge Technology Solutions, a software and IT solutions provider.
CIBC Bank provided a new asset-based credit facility to Armor Express to enhance the company’s financial flexibility and support its growth.
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.