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Veriten Announces $105 Million Initial Close of Fund II to Accelerate Scalable Technology Solutions in Energy, Power and Industrial Applications

Congratulations to Veriten, a research, strategy and investment firm, on the successful initial close of its second flagship energy venture fund, securing over $105 million in capital commitments. At CIBC, we are committed to providing solutions that support our clients' growth ambitions and help them manage risk within a highly dynamic environment. We see great value in the data-driven insights gained from our investment in the Veriten Venture Funds.
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Kruger Invests $333M to Enter the Wipe Nonwovens Sector

Congratulations to Kruger Inc. on successfully closing a Delayed Draw Term Loan and a Revolving Credit Facility. This transaction will be used to help finance a new hybrid technology production line, combining wet-laid and carded technologies to develop ultra-high-performance, versatile nonwoven materials suitable for a broad portfolio of wipe applications, manufactured without plastic or chemical additives and located in Trois Rivieres, Quebec. CIBC Capital Markets is pleased to have acted as Administrative Agent, Co-Lead Arranger, and Joint Bookrunner.
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CIBC launches 15 U.S. Canadian Depositary Receipts

We are pleased to announce that our Canadian Depositary Receipts (CDR) platform is growing, with 15 additional U.S. CDRs now listed on the TSX – bringing our total offerings to 131 CDRs across six countries. The following CDRs are now available for trading: Amphenol, CoreWeave, D.R. Horton, Freeport-McMoRan, Intuit, KLA, Lam Research, Marvell Technology, Northrop Grumman, Quanta Services, Sandisk, Stryker, T-Mobile, Vertiv, and Western Digital.
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