CHICAGO, March 21,
2022 /PRNewswire/ - CIBC today announced its new
Junior Debt Lending & Advisory team within the bank's US
Commercial Banking group. This marks its 17th specialty
banking area.
"Our clients require the ideal capital structure to ensure their
business' success," said Bruce
Hague, president, US Commercial Banking. "At CIBC, we craft
tailored lending solutions and offer high-touch advisory and
strategic support to help them achieve their ambitions."
The experienced Junior Debt Lending and Advisory team is led by
industry veteran Charlie Sheridan.
Sheridan, who recently joined the bank as managing director and
group head, brings more than 20 years of industry experience to
CIBC. Previously, he served as executive director of the Financial
Sponsors Group at J.P. Morgan.
The Commercial Banking team's new specialty group provides
subordinated debt and second lien loans. They lend against their
own balance sheet and leverage a proprietary network of lenders and
investors, as needed. CIBC delivers their Junior Debt Lending and
Advisory capabilities across a variety of industries in the US and
Canada, serving a wide range of
purposes, which include:
- Acquisition financing
- Capital expenditures
- Recapitalizations
- Growth capital
- General working capital needs
"Financial needs can be complex, but our specialized and
relationship-driven approach simplifies our clients' banking
experience," said Hague.
About CIBC
CIBC is a leading North American financial institution with 11
million personal banking, business, public sector and institutional
clients. CIBC offers a full range of advice, solutions and services
in the United States, across
Canada and around the world. In
the US, CIBC Bank USA provides
commercial banking, private and personal banking and small business
banking solutions and CIBC Private Wealth offers investment
management, wealth strategies and legacy planning. Visit us at
cibc.com/US.
All loans subject to credit approval. The CIBC logo
is a registered trademark of CIBC, used under license. Member FDIC
and Equal Housing Lender
View original
content:https://www.prnewswire.com/news-releases/junior-debt-lending-and-advisory-added-to-cibcs-commercial-banking-services-301506162.html
SOURCE CIBC