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Extendicare to Expand its Home Health Care Business by Acquiring CBI Home Health for $570 Million in Cash Consideration

Congratulations to Extendicare on its $570 million acquisition of CBI Home Health, creating the largest home health care platform in Canada. Concurrent with the transaction, Extendicare launched a $200 million bought private placement of common shares and upsized its senior secured credit facilities by $265 million. Extendicare is a leading provider of care and services for seniors across Canada, operating a network of 99 long-term care homes and delivering approximately 13.5 million hours of home health care services annually. CIBC Capital Markets is pleased to have acted as Financial Advisor, Sole Bookrunner, Sole Underwriter, and Lead Arranger.
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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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