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.
Mike Williams joined CIBC as managing director in Chicago. He will be responsible for business development in the Midwest for asset-based lending.
Superior Plus entered into an agreement with NGL Energy to acquire all of the outstanding equity interest in NGL Propane, the company’s retail propane distribution business, for total cash consideration of $900 million.
Superior Pipeline entered into a credit agreement with BOKF, formerly Bank of Oklahoma, as administrative agent for a five-year, $200 million senior secured revolving credit facility.
Private investment firm J.C. Flowers completed its acquisition of Jefferson Capital International from Flexpoint Ford.
AutoCanada entered into a new credit agreement providing secured credit facilities of up to $1.08 billion, subject to certain conditions precedent to funding. Scotiabank led the facility, with CIBC, RBC, HSBC and ATB participating in the syndicate.
Reuters reported that nine banks, including Royal Bank of Canada, Bank of Montreal and the National Bank of Canada, are being sued in the U.S. for conspiring to rig a Canadian rate benchmark.
IntriCon amended its credit facilities with CIBC Bank USA, increasing the term loan to $6.5 million and extending the maturity date to December 2002.
The Canadian Imperial Bank of Commerce provided a $10 million credit facility to Salt Lake City-based UMW Recycling.
Diamond Estates Wines & Spirits closed a new credit facility with the Bank of Montreal, replacing its previous facility with Canadian Imperial Bank of Commerce and Meridian Credit Union.
Chorus Aviation entered into a three-year committed operating credit facility with Canadian Imperial Bank of Commerce as administrative agent.