BofA Agents $500MM ABL Facility Extension for Resolute

Resolute Forest Products completed a 5-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.

CIBC Adds Rosenstrauch to San Francisco ABL Team

CIBC named Derek Rosenstrauch managing director of Business Development, Northern California Region, for its Asset-based Lending Group.

CIBC Increases Credit Line to $35MM for Broadwind Energy

Broadwind Energy increased its credit line with CIBC, USA to $35 million, and extended the term of the facility for 3 years.

CIBC, BMO Arrange $49MM+ Facilities for Cannabis Company HEXO

CIBC and Bank of Montreal provided a C$50 million ($38.075 million) term loan and a C$15 million ($11.423 million) revolving loan to HEXO, an international provider of cannabis products.

Pan American Amends Credit Facility, Acquires Tahoe Resources

Pan American Silver increased its revolver by $200 million to $500 million. The facility was led by The Bank of Nova Scotia and the Canadian Imperial Bank of Commerce as joint lead arrangers and joint bookrunners.

CIBC Closes $65MM Term Loan with Cannabis Company Cronos Group

Canadian Imperial Bank of Commerce acted as administrative agent on a $65 million secured non-revolving term loan credit facility for cannabis company Cronos Group. Bank of Montreal was a lender on the facility.