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First Nations Finance Authority successfully refinances their C$900 million syndicated revolving credit facility

Congratulations to First Nations Finance Authority on the successful refinancing of their C$900 million syndicated revolving credit facility. CIBC is pleased to have acted as a Joint Bookrunner for the transaction. At CIBC, we remain focused on partnering with strong Indigenous-led organizations and are committed to strengthening Indigenous prosperity and economic equality in Canada.
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Starlight Western Canada Multi-Family Funds to Consolidate to form Single Platform of 15 Properties with Value of Approximately $639.4 Million

Congratulations to Starlight Investments on its agreement to consolidate Starlight Western Canada Multi-Family (No. 2) Fund and Starlight Western Canada Multi-Family Limited Partnership to form a single platform of 15 properties comprising 1,413 multi-family units with value of approximately $639.4 million. CIBC Capital Markets is pleased to act as exclusive Financial Advisor to the Board of Trustees of Starlight Western Canada Multi-Family (No. 2) Fund.
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Canada Growth Fund and Building Ontario Fund announce innovative equity investment in world-leading OPG SMR project

Congratulations to Ontario Power Generation (OPG) for entering into an equity commitment agreement for up to $3 billion to finance the Small Modular Reactors (SMR) project to be constructed at the Darlington New Nuclear Project (DNNP). Canada Growth Fund (CGF) and Building Ontario Fund (BOF) have committed to invest up to $2 billion and $1 billion of equity capital, respectively, each taking minority ownership positions in the project.
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EDPR closes Asset Rotation deal for a 1.6 GW portfolio in US

Congratulations to EDP Renewables on the agreement to sell a 49% common equity stake in a 1.6 GW utility scale U.S. renewables portfolio to a fund managed by the Ares Infrastructure Opportunities strategy. The portfolio includes 10 assets that aggregate to 1,632 MW of capacity across four U.S. power markets, with an estimated enterprise value of ~US$2.9 billion for 100% of the portfolio. CIBC Capital Markets is pleased to have acted as Exclusive Financial Advisor to EDPR.
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