What's New

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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