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.

BMO Agents $60.2MM Debt Facility for Cannabis Producer PharmHouse

BMO acted as agent and lead lender on C$80 million ($60.2 million) in secured debt financing for Canopy Rivers’ joint venture, PharmHouse. CIBC and Concentra Bank also participated as lenders on the facility.

CIBC, TD Securities Lead $75MM Upsize to Tervita Revolver

CIBC and TD Securities led the syndicate of banks on an amendment to Tervita’s senior secured revolving credit facility, increasing the maximum principal amount available by $75 million to $275 million.

CIBC Provides $18.75MM Term Loan to Profound Medical

Profound Medical entered a term loan agreement for up to $18.75 million in available borrowing capacity with CIBC Innovation Banking.

CIBC Adds Williams to Chicago ABL Team

Mike Williams joined CIBC as managing director in Chicago. He will be responsible for business development in the Midwest for asset-based lending.