What's New

Macquarie Asset Management and the consortium it led completed a $4.95 billion acquisition financing supporting the take-private acquisition of Qube Holdings Limited by way of scheme of arrangement

CIBC Capital Markets is pleased to have supported Macquarie Asset Management and the consortium it led on the $4.95 billion acquisition financing supporting the take-private acquisition of Qube Holdings Limited by way of scheme of arrangement. CIBC Capital Markets is pleased to have acted as Mandated Lead Arranger, Underwriter, Bookrunner and Deal Contingent Hedge Provider and Hedge Counterparty.
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Brookfield has successfully closed the C$1.2 billion acquisition financing supporting its acquisition of Boralex Inc., a leading Canadian IPP, alongside La Caisse

Congratulations to Brookfield on the financial close of the C$1.2 billion acquisition financing supporting its acquisition of Boralex Inc., a leading Canadian IPP, alongside La Caisse. This transaction marks a significant milestone for both Brookfield and Boralex as they continue to develop and grow their leading power platforms across key global markets. CIBC Capital Markets is pleased to act as Co-Underwriter, Administrative Agent, Collateral Agent, Joint Bookrunner, Co-Lead Arranger, Hedge Provider, and Account Bank.
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H&R REIT entered into an agreement on its $6.7 billion pending acquisition by GO Residential REIT and a consortium of co-purchasers

Congratulations to H&R REIT for entering into an agreement on its $6.7 billion pending acquisition by GO Residential REIT and a consortium of co-purchasers, including affiliates of Blackstone, Crestpoint, PSP Investments, and a company controlled by members of the family of Thomas Hofstedter. CIBC Capital Markets is pleased to be acting as Exclusive Financial Advisor to H&R REIT.
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Celestica successfully completes a US$3.45 billion common share overnight marketed deal offering

Congratulations to Celestica on successfully completing a US$3.45 billion common share overnight marketed deal offering. Net proceeds from the offering are expected to be used for working capital and to support investments in capital expenditures, in addition to other general corporate purposes. This transaction represents the largest common equity follow-on offering in Canadian equity capital markets history. CIBC Capital Markets acted as Joint Bookrunner on this offering.
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CIBC Trading 101

CIBC Capital Markets was proud to host junior analysts, associates, and interns from client companies for educational trading 101 sessions in Toronto and New York, in partnership with the TMX and NYSE respectively. The discussions focused on building practical understanding of trading in financial markets, including the emerging trends such as 24-hour trading, tokenization, and how these are reshaping today’s markets. Thank you to our partners and participants in both cities for helping foster timely and insightful conversations on the future of trading.
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Sonnedix successfully secured €730 million in financing to support the refinancing, optimization, and construction of renewable energy assets across Italy, Spain, Portugal, and France

Congratulations to Sonnedix on securing €730 million in financing to support the refinancing, optimization, and construction of renewable energy assets across Italy, Spain, Portugal, and France. This financing covers a portfolio of solar PV plants with a combined capacity of approximately 540MW as well as two battery energy storage system (BESS) assets, with Italy accounting for the largest share of the allocation at more than 350MW. CIBC Capital Markets is pleased to have acted as Initial Bank Facilities Arranger and Hedge Counterparty.
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Powerco successfully executes a dual track financing across a NZ$350 million 8-year Asian Term Loan (ATL) and A$350 million debut Australian Medium-term Note (MTN) issuance

Congratulations to Powerco on successfully executing a dual track financing across a NZ$350 million 8-year Asian Term Loan (ATL) and A$350 million debut Australian Medium-term Note (MTN) issuance. CIBC was proud to act as Mandated Lead Arranger and Bookrunner for the Asian Term Loan, as well as Swap Provider on the Medium-term note issuance.
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Greenvolt Group successfully increased its revolving financing facility to €472.5 million

Congratulations to Greenvolt Group on increasing its revolving financing facility to €472.5 million. This facility will be used to help strengthen Greenvolt’s balance sheet and support its growth, particularly the acceleration of its 12.8 GW probability weighted pipeline of wind, solar and BESS projects in the Utility-Scale segment. CIBC Capital Markets is pleased to have acted as Arranger and Original Lender.
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Nadara, a leading Independent Power Producer, successfully closed a c.€1.2 billion pan-European platform refinancing

Congratulations to Nadara, a leading Independent Power Producer, on successfully closing a c.€1.2 billion pan-European platform refinancing. The transaction refinances a highly diversified portfolio of 47 wind and solar PV operating renewable energy assets and establishes a scalable financing platform to support the company’s continued growth. CIBC Capital Markets is pleased to have acted as Initial Bank Facilities Arranger and Hedge Counterparty.
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Welcome Chris Wood

As we continue to invest in leadership talent to drive the growth of our Leveraged Finance business, we’re pleased to announce that Christopher (Chris) Wood will be joining CIBC as Managing Director and Head, TMT and Financials Global Leveraged Finance, effective August 17. As we continue to invest in leadership talent to drive the growth of our Leveraged Finance business, we’re pleased to announce that Christopher (Chris) Wood will be joining CIBC as Managing Director and Head, TMT and Financials Global Leveraged Finance, effective August 17. With more than 25 years of leveraged finance experience and a track record of leading over $30 billion in leveraged loan and high-yield bond transactions, Chris will play a key role in strengthening and expanding CIBC’s capabilities across the Technology, Media and Telecommunications (TMT) and Financial Institutions sectors, while deepening client relationships across our franchise. Welcome to the team, Chris!
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TSX CDR 5 year anniversary

Five years ago, CIBC introduced Canadian Depositary Receipts (CDRs) — a Canadian market first designed to make it easier and more affordable for Canadians to access leading global companies in Canadian dollars, with a built-in currency hedge. Today, CDRs have grown into a scaled platform, with 133 global companies across six countries and more than $20B in assets under management. We’re proud to celebrate this milestone and the growing role CDRs continue to play in helping Canadian investors and advisors diversify their portfolios.
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