CHICAGO, March 21, 2022 /PRNewswire/ – CIBC today announced the formation of its new Junior Debt Lending & Advisory team within the bank’s US Commercial Banking group. This marks his 17and specialized banking sector.
“Our clients need the ideal capital structure to ensure the success of their business,” said Bruce Haye, President, US Commercial Banking. “At CIBC, we design tailored lending solutions and provide high-level advisory and strategic support to help them realize their ambitions.
Experienced junior debt lending and advisory team 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 was Executive Director of the Financial Sponsors Group at JP Morgan.
The new specialized group of the Commercial Banking team offers subordinated loans and junior loans. They lend from their own balance sheet and rely on an exclusive network of lenders and investors when needed. CIBC offers its junior debt lending and advisory capabilities to a variety of industries in the United States and Canadaserving a wide range of purposes, including:
- Acquisition financing
- Capital expenditure
- Growth capital
- General working capital requirements
“Financial needs can be complex, but our specialized, relationship-focused approach simplifies our clients’ banking experience,” Hague said.
CIBC is a leading North American financial institution with 11 million personal, commercial, public sector and institutional banking customers. CIBC offers a full range of advice, solutions and services in United Stateson the other side Canada and around the world. In the United States, CIBC UNITED STATES provides business banking, personal and personal banking, and small business banking solutions, and CIBC Private Wealth Management provides investment management, wealth strategies, and wealth planning services. Visit us at cibc.com/US.
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